Uber has all the cards here. They came with a system that enables the drivers to use their time more efficiently, which dropped the price for the end user. Also lowered the entry barrier. Almost anyone with a car, smartphone and a driving licence can do it, which is why they afford the high turn over.

Is it worth it trying to compete with them? Definitely .

Will this lead to increased drivers profit ? Not really. Because the value that they provide is massively accesible,and with the advent of autonomous cars, fully replaceable.

Bad times for taxi drivers are coming quickly, and there's not much anyone can do about it...