Hello
I’m sorry I can’t read this article because your starting point is completely wrong – despite admiring your site and all you do.- Uber did not create huge efficiency savings. Rather it is exploiting the drivers by forcing more risk and costs onto them, AND is subsiding the current low fares by around 40%.
See this series of articles which clearly demonstrates that the only thing new is the user interface and fixed price structure http://www.nakedcapitalism.com/2016/11/can-uber-ever-deliver-part-one-understanding-ubers-bleak-operating-economics.html
It’s written by an experienced transport economist
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