-Uber supporters in their tens of thousands have signed an online petition defending taxi service.
-Although Uber has become a greater part of the “sharing economy” many do revolt, showing a bias side to this. So what aspects of the sharing economy are not really about sharing? Having friends to stay over is sharing. Handing them a bill with their breakfast makes one a hotelier.
-Giving somebody a lift is sharing. Charging them for it makes one a cabbie. According to critics Uber drivers are not sharing, they are selling.
-There is nothing wrong with selling, but it is supposed the sharing economy is a tautology (Same thing different words).
-Uber is succeeding partly because it has solved a problem that was fixed a while ago in the heavy transport industry: do not have an empty vehicle on the return journey.
-Peer-to-peer lending is a more extensive version of the "friends and family" approach to seed funding entrepreneurs and start-ups.
-However, Uber, falling under the “sharing” economy really got going because of the recession and the economic pressures and opportunities it helped to create.
(Graph from http://one-europe.info/eurographics/infographic-the-rise-of-the-shared-economy)
-Uber has recently entered the battlefield going up against licensed Toronto taxis which has evidently been a tremendous feud specifically among the taxi business. Taxis are disappointed that Uber can just walk in and steal business.
-However, taxis were reasonably the only form of transportation after hours or at customers service 24/7 throughout the past few years. Taxis had control of pricing and the taxi corporation were not impressed by Toronto letting Uber come right in to business.
-Taxi drivers are fighting against Uber for not paying licensing fees, Taxis charge higher rates because they pay fees to the government, generating a lower amount of profit compared to Uber.
-However, Uber is a private corporation meaning it is a non-governmental company in which case they are objecting to taxis debate on them paying fees.
In Depth Analysis