The Sharing Economy : A New Business Model

Uber as a business have conducted and implemented many harmful tactics and policies. The primary issue that Uber has been deemed harmful are Uber taking and requiring all drivers to accept the percentage cuts. In addition, the higher percentage cuts will be deduct from each earned revenue the driver obtain while driver for Uber. This is a very harmful tactics

There are some drivers who are all working in the transportation tech of Uber, have being involved in most of the crimes. To avoid these kinds of issues, the self-driving car was established in our world. Then, the major thing which is ruling behind this is, the transportation service of Uber is introducing more techs to mark their standard.

There is a ongoing debate and controversy over whether Uber is safe and if it's undercutting the taxi industry.

In major cities across the globe today, many rely on the services of both taxicabs and Uber. Both allow users to reach their destination in a timely manner, but one service reigns supreme. The regulations and training requirements make tax far superior to Uber. Uber lacks the same levels of training and regulations one must possess in order to be a driver as compared to taxicabs. Some of the rules one must follow in order to be a driver of a taxicab are as follows: one must have a knowledgeable understanding of the streets they are navigating, one must dress nicely and professionally, and one must follow the provided rules in the guidebook. By using these rules and regulations, drivers are able to provide individuals with a safe and comfortable

Rating and starts make the Uber Drivers compete with others. Therefore, to create the good rating and collect stars, Uber Drivers should wear a clean and tidy wear, included a clean car. Fast to answer that call from customers and understand the pickup location. If it is possible, the drivers can open the door for customers. It is important for the drivers to understand customers, whether they want to go by alternative street or main street. Drive nicely and patient,

Therefore, we have many different way of getting around and traveling whether it be using the train or grabbing a bus. However, over the year we have developed many more ways of traveling that are more convenient to us regardless of its price. Having a car is a reliable source of traveling but the expenses are quite high while getting an Uber is a cheaper way of getting around. Uber isn’t very reliable or convenient as it can have you waiting which can potentially make you more

Following further investigation it was determined that because Uber drivers are independent contractors. Responsible for paying “their own vehicle operating expenses, including fuel, maintenance, insurance, and car payments,” ("The Hidden Cost of Being an Uber Driver and Why Fare Cuts Really Do Hit Their Bottom Line"). Shown in Appendix 3.2 and 3.3, many people see this as a distressed attempt by Uber to cut operating costs. Through thorough examination drivers may find these hidden costs unattractive, in turn potentially decreasing the number and quality of the available workforce ("The Hidden Cost of Being an Uber Driver and Why Fare Cuts Really Do Hit Their Bottom

This industry has already started expanding their business more than just ride sharing application they have gone into electric driving. One of the CEOs Travis Kalanick of this business said it will be intense, but it is only for expanding the company on making more profit (Felton). In Ryan Felton article he stresses Uber overall problem is will their money last enough to have a trucking and a driverless car. I believe that if Uber budgets their money right and avoid lawsuits they can expand one part of the company at a time.

How is Uber different from a regular taxi? Well, you can call an uber with the touch of a button and track the location of your driver. Is that better? Not necessarily. Some people think it is, others - like my parents - prefer to make the phone call to the taxi company or stick their arms out in traffic.

Uber has offered job opportunities for the community; however, the drivers’ professional qualities remain in question. Unlike the taxi drivers and other professional drivers, Uber’s drivers have not been trained. According to a Wall Street Journal news report, 62% of Uber’s drivers have other sources of income – more than one job. Uber is not economically feasible as a full-time job (Macmillan, 2015). In addition, the expenses of gas, maintenance, and insurance are Uber’s drivers’ responsibilities. They do not enjoy the same employment benefits and workplace protections as taxi drivers and other professional drivers (Tucker, 2015).

Although, to the state of Virginia, the service of Uber is claimed to be improper and unprofessional due to the fact that “Uber does not have the ‘proper authority’ to transport passengers”, the convenience and benefits Uber brings to the passengers and the society are undeniable.

Although this may seem convenient in many cases Uber is not always available in unpopulated areas so it is not reliable. Based on demand, a taxi drivers rate never sky rockets unlike Uber. When they have surge, which is when they are being requested more often than usually their rates increase extremely. A ride that may have cost you about five dollars during regular days has changed to almost $30. This division may be over soon because no drivers may be necessary in the near future because of the upcoming driverless cars. Even people who teach languages have been mimicked by software such as Rosetta

As everyone else mentioned, hearing the podcast really changed but yet helped my point of view on the topics of consumer surplus, demand curve, and overall seeing an economists perspective. Uber not only has a constant changing advantage and disadvantage with supply and demand but the market of consumers and businesses are constantly changing from the use of technology. Uber revolves itself around consumer surplus, wanting more customers who are willing to pay their price but thinking about other competitive businesses like Lyft or regular taxis, consumer surplus could be a huge problem for both parties depending on place and time. Steve Levitt himself mentions that he takes a taxi in New York City because it is more convenient. Now, lets say

Are they facing “hardship”? The answer is taxi license owners can be compensated. When New South Wales legalised the operation of Uber, the government offered compensation to taxi owners. In 2015, the New South Wales Premier, Mike Baird, stated that the government has sold and regulated taxi license plates and so has a responsibility to offer some protection for investors who own these plates. The perpetual owners of taxi plates will receive a $20,000 payment and multiple plate owners will receive a maximum $40,000. The total industry fund is budgeted at $250 million which will be used to play licensees who are facing disruption. Therefore, we don't forget those taxi drivers who poured their savings into taxi licenses over the past decades and the government will ensure that they can get the equitable assistance.

Uber has adopted a broad differentiation competitive strategy. They want to appeal to a broad spectrum of clients by providing superior car service differentiating themselves from other more traditional car services and cabs. The four key problems they