Taxi companies need to own the car, pay for maintenance, pay wages for the driver, insurance, etc.
Ride-sharing apps offload all of the taxi-company maintenance overhead costs to the gig-driver while only paying about 50% of the fare.
GildedGriffon
joined 1 year ago
The work-supervision to prevent slackers thing is only part of the problem, and pretty small.
The biggest issue is the huge amount of money these companies pay for real estate, and how much the commercial real estate market means to the overall economy.
All of this is just sabre-rattling in an attempt to return to the pre-covid status quo, while these companies will soon be shedding their corporate office spaces to reduce their operating costs.