The free market works, just ask Uber & Lyft

January 27, 2015

by Nick Novak

Originally published by

If you are anything like me, then you have suffered through the painful experience in many cities that is catching a cab. I’m not sure why it is so difficult, but it is. And if you have only had good experiences with cabs, I for one am jealous.

Whether you were traveling for work to a different city or you were catching a ride home after having a few drinks with friends, cabs were your only option for decades. In New York City, in fact, it is sometimes hard to find a vehicle in traffic that is not bright yellow.

But, just because someone has the monopoly on an industry – sometimes by law – that does not mean they provide great service.

A personal case in point? Hailing a cab in Washington, D.C. is nearly impossible and calling one to pick you up doesn’t guarantee it will actually happen, either. On a trip  to D.C. about a year ago, I tried to take a cab to a meeting. After an eternal wait and no cab, one of my colleagues suggested Uber.

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