Wait for it... Uber is going to have a monopoly and prices will go up. Collaborative consumption is the shared use of a good or service by a group through an arrangement that divides the actual cost or purchase price. Rude, aggressive, and disruptive passengers are weeded out because drivers can also rate their customers. Peak pricing is a form of congestion pricing in which customers pay an additional fee during periods of high demand. A receipt is sent via email.

Increasingly, This article examines the pros and cons of the emerging freelance or the gig work based economic model which is also known as the Uber economy so called since the ride sharing app based car service, Uber is the pioneer and the trendsetter in this new paradigm. Unlike yellow cab taxi drivers who work 12-hour shifts—or black car drivers who are scheduled by dispatchers—Uber and other e-hail drivers enjoy greater freedom and flexibility. In major cities like New York where the taxi industry is regulated, most cars are later models, well maintained and chauffeured by professional drivers who have proper commercial insurance coverage.

Uber and its competitors have dramatically changed the personal transportation industry in recent years, which has resulted in both benefits and drawbacks for customers and drivers. While this means that there is a larger supply of drivers, longer hours behind the wheel jeopardize the safety of both drivers and passengers. Uber’s platform supports $17 billion dollars of gross domestic productin the U.S. per year over the study period. For one, it offers unparalleled flexibility and adaptability to the workers who can work multiple jobs and take up gig work during their spare time.In addition, it offers workers the chance to partake in the exciting and promising reward and benefit system which because of the simplicity of the model means that they would be compensated more than what they would get when working for a traditional full time or part time job.Of course, some might argue that full time jobs do have benefits that the Uber economy cannot provide and we would be taking that up subsequently. We all have heard if not used the services of the app based ride sharing and ride hailing taxi and car service, Uber. "Surge pricing" for Uber or "prime time pricing" as it is called for Lyft, is controversial and a major annoyance for most customers. Upon arrival at the destination, the driver brings the ride to a halt and the passenger can simply walk out of the car. Safety concerns have also emerged in many cities and states where the transportation industry regulations are lax and average citizens can easily enter the e-hail network as service providers. Uber: An Overview . Some unique insights and big numbers stand out in EDR Group’s study on Uber’s economic impact, which focuses on Uber’s ridesharing business. Although this has a positive effect by increasing the supply of drivers, these drivers might not be as motivated to reach high standards of professionalism and safety. It would suffice to state here that the Uber economy represents the future of the work model wherein anyone and everyone can become gig workers and freelancers without having to give up their day jobs.Indeed, research and surveys have shown that there are many full time workers who drive for Uber and other gig work companies during their spare time to supplement their incomes and make hay while the sun shines.However, is it the case that the Uber economy is a new dawn rising or is it the case that it represents another opportunity by the capitalists to fleece workers and make them work in a model where the only winners are the owners and not the employees? Once a driver accepts an assignment, passengers are able to track a driver's position and route, and communicate with their driver if necessary.

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