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How Uber Impacted the Economy In U.S, Europe, and Middle East
The founder of Apple, Bill Gates, stayed that, “Information technology and business are becoming inextricably interwoven. I do not think anybody can talk meaningfully about one without the talking about the other.” Technology has become more and more popular since 1980. There are uncountable companies that take an advantage of the technology, and they make it as a new filed of business. Uber developed the idea of using technology in business, so they came with new amazing idea: use technology with taxi business; therefore, they give born of the new successful business. As it is known new successful business always influences the world with negative and positive ways. Uber has influenced the world economy especially in the United States, EU, and the Mid-East.
Uber has influenced the economy in the United States in two ways, positive and negative. First, Uber gave 160,000 job opportunity as driver in the United State. And it does not require complicated requirement; it is simple. Second, Uber has reduced the number of the unemployment because of the job opportunities that it gave. On the other hand, Yellow cab company has lost 48% of its workers, so that show the bad effects on the taxi companies. Moreover, Uber pay lower taxes than taxi companies, which make taxi companies make protests against tax low.
Europe has faced a big problem since the Arabic Spring; there are thousands of people who immigrated from Arabic countries. Those people who immigrated have made unemployment in Europe which could affect the economy, but Uber also gave a job opportunities for those people also. Germany is doing intelligent strategies to improve its economy, so they gave Uber facilities to improve their business in Germany and help the economy of it to grow. On the other hand, England has banded Uber because they think Uber is effecting their economy, so that caused to loss 40,000 job opportunity in England. Not only England banded Uber but also Italy has banded Uber too because the taxi companies has raised a lawsuit against Uber, and they band it in 2015.
In the middle east Uber has a good effects on the economy because most people do not used to have part time job beside their fulltime job, but with Uber people stared to have part time job as Uber drivers. Therefore, that make the annual income per capita raise per 38%. The government of Dubai did a special strategy to improve the economy of Dubai especially they allowed Uber to let Uber eat work at Dubai. So that help the people and the restaurant to have a delivery services. Also, taxies in in the middle east are very expensive, for that Uber is helping tourists to move from place to another. But that become a disadvantage to the taxi drivers and car renting companies because Uber is cheaper than them. That affect them to loss employees and money.
In conclusion, Uber has impacted the economy on the planet particularly in the United State, Europe, and middle east. George Packer is an American journalist once said,” With work increasingly invisible, it's much harder to grasp the human effects, the social contours, of the Internet economy.” That means the internet business is growing up and becoming more successful. Therefore, that what happened with Uber, Uber has given the world more job opportunities. Nevertheless, the annual income has been increased by Uber. Also, Uber has reduced the number of the unemployment in the world. Will be there any other business that could help the world economy like Uber?