(NEW YORK DAILY NEWS)
As most New Yorkers know by now, Uber is expanding rapidly here: The city saw an impressive 450% growth in low-cost UberX rides over the course of last year. In a new report for the Manhattan Institute, I use Uber’s 2014 private ride data (no personal information on individual riders was disclosed) to determine the effects of the company’s increased presence on the city’s lower-income, outer-borough residents.
As most New Yorkers know by now, Uber is expanding rapidly here: The city saw an impressive 450% growth in low-cost UberX rides over the course of last year. In a new report for the Manhattan Institute, I use Uber’s 2014 private ride data (no personal information on individual riders was disclosed) to determine the effects of the company’s increased presence on the city’s lower-income, outer-borough residents.
My analysis finds that Uber’s expansion has benefited low-income New Yorkers — those who live in the bottom half of New York City zip codes by median household income — the most.
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