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Can the Taxi industry survive?

Jul 16, 2023 | News

The taxi and hire car industry in Victoria, like in many other places worldwide, has faced significant challenges due to the introduction of Uber’s gig model.

This shift has affected operators in every state and territory in Australia, as well as globally.

The industry has experienced common issues such as legacy debts, market oversaturation, and exploitative work practices, leading to the creation of a working poor class.

This video highlights the similarities between New York City and Melbourne, emphasizing that this problem is not limited to Victoria or Australia but is a global phenomenon.

The gig model created by Uber has had far-reaching consequences for the taxi and hire car industry around the world.

Has financial and emotional harm been worth it?

 

New York City taxis fight for survival against Uber and Lyft – CNBC

Despite being heavily outnumbered by Uber and Lyft drivers, taxis remain an iconic symbol of New York.

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