Traditional taxis, once the most convenient way to get around, have now become an inconvenient and the most expensive way to travel. First, traditional taxis measure the fare by time and distance, then there’s the mandatory tip and other applicable charges that may apply. Some taxis set a charge before you’ve even gone anywhere. More millennials are refusing to spend their money like this.
Almost all millennials have downloaded travel apps on their smartphones, like Uber and Lyft, which allow the passengers to rate their ride, reward them with discounts, exclude the extra cost of leaving a tip, and eliminate the process of having to go outside and hail a cab. These apps have, however, caused tremendous financial hardship for taxi drivers who used to make a decent living.