In my city Uber is about 1/2 to a 1/4 of the cost of traditional cabs most of the time. At peak times it's practically impossible to get a cab to come pick you up. The peak pricing model that Uber uses limits demand and increases supply so people who need rides can get them. As long as there's public transit to fall back on I have no problems with them at all.
DC cab drivers strike to protest Uber; Uber business in DC booms!
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