The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
This new technology is having a positive impact on the economy by creating jobs and a safer way for individuals to travel within the cities of our nation. Each driver is vetted with a background check and each passenger provides his/her information before taking a ride. There is a reduction in drunk drivers on the roads. The traditional taxis/limousine companies are for the most part serving a different market. The ride sharing market is addressing the needs of people who typically never use a taxi or limousine because of the expense. What this new technology does is match up a nearby car (which must pass an inspection) and drive with a passenger which is with in a price point that makes sense to both the passenger and the driver. The technology makes sure the driver takes the shortest and fastest route to the destination by guiding the driver turn by turn and while advise of traffic issues in order to keep the cost of the ride as low as possible. This is not only safe for the passenger but for the driver as well. If there were anything to happen the technology will be able to document who and where the occurrence took place. In knowing that it is logic that someone is not going to harm another because of the readily available trail of evidence. Moreover, the passenger and the driver rate each other which equates to a way of not accepting unacceptable behavior. The passenger not only gets a picture of the car and the driver - the driver gets a picture of the passenger. No monies are exchanged which is safer as well. There have been many times when I used a taxi while on business the driver is not the same person who is posted on the medallion in the car. When confronted the driver does not have a good command of the English language and has selective I do not understand. When that taxi driver takes the long way to your destination the language barrier again makes the cost go way up - by design. Taxis know they have you by the short and curlies and know they will not see you again so the taxis rip you off. What I do not understand is why the taxi/limousine service does not embrace this technology and adopt it as it is the most efficient way to dispatch drivers and increase revenues. Taxi/Limousine companies like the old school way as it has been for decades. In some markets protected for a select few who pay off the local government for the exclusive right to transport passengers. For example, Las Vegas which I attend the IWCE conference I was given no alternative but to use the conglomerate company that has the business locked up. The manager of the company said and I quote (we kicked those motherf---ers out of here) one of my associates complained on the website of the local government and his email was compromised the very next day. In Dallas a cab rider across town cost in excess of $45.00 why is that because one man owns all the taxi companies. With LYFT and UBER the drivers tend to become stakeholders in the endeavor because they want to be not only different but better than the traditional old worn-out stinky taxi cab. I use LYFT because it is like having a friend give me a ride. Ever ride I have taken was enjoyable and safe. Good conversation and was glad to TIPP (to insure politeness and promptness). Both Peter Drucker and Milton Freedman would applaud this new way of providing a much-needed service to an under-served market. Now the older patrons and young college students can get a trunk load of groceries because the trip only coast a few dollars. Until now they had to go to a store within walking distance and get a few items at a time. I had to run errands and the LYFT driver was accommodating by not charging me an arm and a leg to stop at three places so that I could get to the conference with all the items I needed to do my presentation. For me, LYFT is a social enterprise that has created a value that others have failed at doing. LYFT is making a positive difference in our society.