Reply To: Uber Banned in China?

[Ben]

Charlie wrote:

And Johnny: your point about drivers making much more money, and more importantly, having a strong sense of purpose, is absolutely true.

I have no idea how much uber drivers are making in China, but I don’t believe it is approaching anywhere near 60k. There have been protests in both San Francisco and New York over pay. Some drivers are saying that they are earning less than minimum wage.

http://nypost.com/2014/10/22/uber-drivers-in-new-york-strike-to-protest-lower-pay/

http://time.com/92988/uberx-san-francisco-protest-uber/

http://www.citylab.com/commute/2014/05/theres-no-way-most-uberx-drivers-make-twice-what-traditional-cabbies-do/371669/

Charlie wrote:

Most major automobile manufacturers (General Motors, Ford, Toyota) will not survive the transition and will be out of business within 25 years.

Driverless cars and ride sharing apps are the future. I’m just not sure that they can ever replace private car ownership. I view them more as a replacement for taxis or city public transport.