I feel like the discussions of what Uber does undervalue this. Medallion systems are silly, Uber is using some shady legal arguments, etc, fine. But the actual taxi experience is often
terrible.
Last time I took an actual taxi in a new town, the driver spoke next to no English, misunderstood my destination, and got lost 3 times. He tried to drop me off in the middle of the woods because his outdated Garmin told him to. He then tried to charge me ~$80 because of all the bizarre detours, demanded cash instead of a credit card (at the end), and tried to follow me when I objected.
That's exceptional, yeah, but not hugely so. Uber's biggest value to me is the guarantee that the driver will have clear directions, not try to change route, take a credit card, and otherwise not scam me. The cab industry in a lot of places is really corrupt compared to other businesses.