Uber will allow New Yorkers to hail a yellow cab from the app

Starting this spring, New York City residents will be able to hail a yellow cab from their Uber app. Uber announced a partnership on Thursday that would make cab rides available from its app, bringing a onetime foe into its fold as the tech company struggles with driver shortages.

The delivery company, which was founded in 2009 as a way to"disrupt" the taxi industry, has been struggling to attract delivery workers to its platform. The shortage has been made worse by skyrocketing gas prices that reduceIn New York City, Uber customers will pay roughly the same amount for taxi rides as they would for UberX rides, spokesperson Conor Ferguson told CBS News.

The New York Taxi Workers Alliance, which represents cab drivers and often opposes app-based companies, criticized the deal, saying that it would lower cab drivers' pay from what they currently earn with meters. It plans to negotiate with Uber over the fares, the group said.

Have they finally figured out why taxis are so heavily regulated? They should have linked to taxi companies at the very beginning. And vice versa.

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