There is no question that there was a path to ownership of a valuable asset in the previous regime of taxi medallions that is no longer available in the Uber era, but that opportunity was available to few, and most taxicab drivers are simply low-paid independent contractors with high costs and little ability to grow their income.
Getting Over Taxis
Tim O'Reilly

Under the Uber model there is not only no path to ownership but further reinforces greater wealth disparity; ensuring the 1% amass more of the nation’s and the world’s weath.

Like what you read? Give Frederic Mokren a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.