When someone mentions the words “ride-hailing” companies, I think of two main businesses, Uber and Lyft. Throughout history, we have seen several types of businesses that provide a ride to people. In 2007 the company Lyft was introduced and grew rapidly. The company quickly became known all around and grew in popularity. Only two years later, the company we all know as Uber was introduced. Uber also quickly grew in popularity and dominated Lyft.
Some people feel that these types of companies can be beneficial to society, but they wonder… is it worth all the risks? Those who do fully support these companies feel that there are too many cons to having a successful company. One reason is that with an increase of ride-hailing companies comes an increase in traffic congestion and even extra exhaust put into the atmosphere. Another reason that could be overlooked is sometimes ride-hailing employees are paid poorly and usually make under the minimum wage. The last reason and the most used reasoning in an argument is the lack of thorough screening of the driver. This leads to a higher risk of the passenger which leads to higher kidnapping rates and crime rates.
Contrary to those beliefs, others feel that they are overall beneficial to society. Some would argue that ride-hailing companies provide affordable rides for those who may not be able to afford their car or transportation. Another reason is it opens up more job opportunities for those who didn’t have advanced education. This leads to a lower unemployment rate and an economic boost. The last reason I will mention is that they increase mobility for those who suffer from a disability and low-income populations.
I think that ride-hailing companies overall do help society. I think it could even help lead to fewer accidents including drunk drivers, over-emotional drivers, and more. I think that when screened and educated correctly they can be a safe and easy way to travel. I think it also helps people feel more comfortable when vacationing in a big city and not having to worry about driving in unknown traffic. The Lyft driver most likely knows the town and city well and it is safer than trying to learn it yourself. I do agree that there are dangers and risks when traveling in ride-hailing companies but I think that they can also positively impact the economy.
Do you think that ride-hailing companies have a negative or positive impact on the economy?
Have you ever rode in one? What was your experience?