Yeah, I don’t believe you. It sounds like you’re making a just-so rationalization for why taxis are good and Uber is bad.
In pretty much any mature taxi market Uber is as expensive (if not more expensive!) than the conventional alternative. And yet Uber survives.
Most of the drivers providing that service split their time between Uber, Lyft and traditional corporate black car service.
Lots of posts on this topic in the UberDrivers subreddit.