The One Show on BBC1 last night looked at the impact UBER has had on the black cabs in London and I have to say as an owner it is rather worrying. Since the launch of UBER the number of people studying the "knowledge" has fallen 1/3, it looks like it will fall further. Some city councils have started to drop the knowledge test.
When the researcher tested both UBER and black cabs they found black cabs easy to hail and UBER easy to book and turned up in minutes. The main difference, UBER was around £5 cheaper for roughly the same route.
London cabbies have reported a fall in revenue or are working far longer hours.
Anybody doing research online can see this company has had an impact on the traditional cab/taxi trade in every city it has launched.
New York cabbies have had to deal with a 28%-40% fall in the value of their medallion.
UBER drivers in Edinburgh will also be security checked and come under the taxi inspector. Call them direct they are happy to answer questions. No chance in my eyes will the plate value not be effected in some form.
I believe Edinburgh is not immune from this, we are a unique city but UBER are here to get a slice of the pie and have serious funds to make it happen. I see the ranks getting a slower turnover and the Saturday night queue disappearing over time as people use UBER and all the part time drivers that flood the market.
I think the wages will slowly fall for drivers and I also believe plate values will also decline. This year will be as good as it ever gets for owners and drivers in terms of earnings.
Everyone will earn a wage, Blacks, ECPH and UBER, but at a lower wage than the living wage. It can only get tougher!
If smaller shops like LIdl and Aldi can rock a multi billion business like Tesco and take away a big share of their profits then UBER can have an impact on our earnings.
Please do your own research as there is plenty information and stats out there.
There is a documentary coming out soon on the BBC about the impact UBER has had on the world and the traditional taxi trade.
Companies like City and Central will see jobs like telephonists getting fewer and fewer.
The council has also written to every driver who has a school run to drop their price.
I'm gutted and was in denial for a long time but technology waits for no man and this is the new world.
UBER has a massive machine behind them, IT professionals, advertisement executives, etc. Black cabs may always be here but in what standing only time will tell.
http://www.bbc.co.uk/iplayer/episode/b0 ... w-09062015http://www.foxbusiness.com/technology/2 ... lues-tank/Cheers