Half the population makes less money then the other half
If only. It's more like "99.9% of the population makes less money than the other 0.1%."
As an engineer-type mindset, if there's an easy way to do something more efficiently and regulations are standing in the way, I blame the regulations, not the new solution for sufficiently stupid values of regulation (obviously safety regs are a different matter).
Ensuring that a taxi driver is a safe person, and that the taxi is a safe vehicle in good repair, sounds like "safety regs" to me. When Uber and Lyft claim that they can ignore all of those "archaic" regulations, I compare it to chemical companies complaining about environmental regulations when they used to dump waste products in the stream out back instead.
New York City has very specific differences between "taxi" and "car service", both of which are licensed and regulated. Maybe some of those differences really are archaic, and maybe one should be able to "call" a taxi to your door (whether by phone or app makes no difference) rather than have to go to a main street and hail one. The communication part of the business model is a great concept. Adding lots of unlicensed unregulated unchecked drivers may not be.
"God is a comedian playing to an audience too afraid to laugh." - Voltaire