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by 908B64B197 2073 days ago
Posted it in an other thread [0] but do we really want to go back to the medallion system? Pre-Uber, either the driver rented the car to a middleman who rented the medallion from a rich owner, or said owner was selling and financing (most banks won't touch these medallions!) a medallion at a ridiculous interest rate to a driver that planned to use it as his retirement savings (an extremely volatile asset and not very liquid). The more I spoke to cab drivers the more it seemed their industry was a pyramid scheme aimed at helping established rent-seeker take advantage of often poor new immigrants.

Don't tell me these shady day-to-day medallion rental businesses offered benefits to the drivers...

[0] https://news.ycombinator.com/item?id=24225648

3 comments

How are you getting from "Uber shouldn't be able to hire its drivers as independent contractors to skirt worker-protection laws" to "we should go back to the medallion system"?
Im concerned this is a false dichotomy, there could be other apps?

That said i doubt they would match Uber and Lyft in quality, usually they are mediocre.

More importantly, it's unlikely they would match Uber and Lyft in price, since the rides wouldn't be subsidized as such.
I'm sure a non-profit service like in Austin run by the city could, anyway so Uber/Lyft still ride on their funding and driver's aren't paid much of you include their expenses, so it is obvious that either prices should go up or something needs to change to make it sustainable (and by sustainable it probably means self driving cars) if that's the end goal then what are really voting for? Continuing exploiting these people?
Prop 22 makes no opinion of medallions, in either case of a vote for or against.