Uber Argumentative Essay

Ever since the idea of Uber have been created , the near global car-hailing app, have been published in 2011, the taxi fleet's days have seemed numbered.

Uber is not the only new source of competition for taxis. But, it is even another source of having extra money other than your job.

The new statistics allow for an opening answer to the enormous debated question of whether Uber is merely filling the gap in an artificially under-served market,as the company claims, or whether it's army of part-time drivers is displacing full-time holder, as the taxi industry maintain.

Although, Uber has not shared statistics for 2013, a leak to Business insider last year have revealed an average of 140,000 Uber trips per week in the city during December 2013.

While Uber expanded approximately tenfold over the past two years, from a bit-over an estimated 300,000 rides in June 2013 to 3.5m in June 2015, yellow cabs' hail volume has fallen by 2.1m during the same period.

A further indication that Uber bears significant responsibility for the drop in cab hails is that the decline is

most pronounced in the middle of the night, when passengers place the greatest value on Uber's advantages in convenience and comfort.

Medallion prices are forward-looking just like shares of companies are, and presumably reflect expectations that the bite Uber has taken out of taxi earnings is likely to grow.

Analysis:

This concept applies under the subject of “trade-off” Because, people have traded of their money and time with riding an Uber cab instead of a normal taxi cab. The opportunity cost is that the price is a fixed price and the total price is not very expensive. Anybody can be a driver and get extra money. Also, that the car is safe and secured. Also, the other connection between the lessons that I took that relates to this is shared profit because, Uber gives the driver 20% of the total price and 80% for the company. In addition, a profit incentive because, it made more drivers and more people get more money and by that more people were happy and wanted to work more into this type of business.

The connection between this article and economics is the competition between the two sides.

The competition ends with jealousy and envious from one side. That side is the taxi companies because, they’ve been starting losing many money and firing many labors and selling some capital. Additionally, the Uber business is now one of the most famous businesses other than “Ali baba”.

The article that is related to this type of article is, about how online businesses like “Ali baba”or“e-bay”. Are evolving because, people want to work more than making others work and nowdays, people think about how to get money without working much. Like, Uber people get their own personal car and drive others to their destinations instead of leaving them to taxis where they earn money. Now, people would do anything to earn money. So, any business that gives a chance to others to work in and get money they’ll do

it.