A few thoughts on Uber and the next 5 Years
Here are a few things I believe will happen to Uber in the next five years:
- They are a lot closer to rolling out driverless cars than most people believe.
- They will do it slowly, but as soon as they begin to roll out driverless cars, it will be the beginning of the end for the drivers.
- Eventually they will get to all driverless, but it will take a few years.
- Once that happens they cut the price by 30–50% but instead of profit share with driver partners, they take the whole kit and caboodle.
- Users will be ecstatic because of cheaper prices and Uber makes more money. Drivers get the short end of the stick.
- Uber will look like a steal at a $60B valuation.
- Uber isn’t a ride-sharing or black car company. They offer those things but really they are a logistics company helping move anything from A to B.
- They already flex their muscles in the logistics or “transportation” space but with driverless they can do so much more.
- Not really only about Uber (but definitely related) — because of driverless cars, automation in service jobs, etc — it will be scary in 5–10 years, no matter who is President, there will be a wipe out in jobs with no current way to bring them back. It will be impossible to justify hiring people at a fast food joint when a robot will be able to do the job at a fraction of the cost. There is a huge business opportunity of helping these soon-to-be-out-of-work people find new roles, get educated to do other jobs, etc. Might even be biggest challenge of our generation.