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by xapata
3557 days ago
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> local business owners Uber is often locally-owned to the same extent. In both cases, the driver is your neighbor. Uber takes its cut, but the taxi medallion owner who rents the car to the driver might be taking a much bigger cut. Every driver I've met who has made the switch from taxi to Uber/Lyft says they're happier now and earning more. The only folks you should feel sad about are the drivers who decided to take a loan to buy their own medallion. Those are the folks who need a hand because of the catastrophic collapse of their investment. But hey, that's what bankruptcy is for. Do you feel like failed restauranteurs deserve a bailout? |
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This was true initially, but is no longer true. Many drivers are switching back, or switching to Gett.
> The only folks you should feel sad about are the drivers who decided to take a loan to buy their own medallion. Those are the folks who need a hand because of the catastrophic collapse of their investment. But hey, that's what bankruptcy is for. Do you feel like failed restauranteurs deserve a bailout?
Medallions are form of corruption mandated by the city. That's a little different from a failed restaurant.