Chicago Sun-Times
US · 13 mins ago
Chicago cabbies and ride-hailing drivers are both struggling amid changing industry: 'I'm stuck in this'
The way Bob Singh sees it, the taxi industry has drastically changed, but he and other cabbies are still playing by the old rules, struggling to stay afloat as ride-hailing companies like Uber and Lyft dominate the market.
“Financially, it’s devastating,” Singh, 57, said.
But in the last few years, ride-hailing drivers have hit their own speed bumps. The app-based companies control their fares and the trips available to them, take an ever-changing percentage of their pay and sometimes cut off…
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