[cdrxndr]

All the responses about supply and demand aren't accounting for the fact that taxi drivers are a protected industry in New York.

You are unionized, have benefits, and have protections preventing any ol' person from starting a taxi service that are VERY COSTLY to NY residents. But it ensures a safe and mutually beneficial industry.

So a big fuck you to anyone who price gouges. I hope you lose the medallion, lose your job, and lose your benefits.

Cheers.

[arkem]

Uber isn't a taxi company. The supply being talked about isn't necessarily about the limited number of taxi medallions issued. Instead, it's about how private car operators don't want to work in NYC right now but might be induced to work if they were payed more.

I'm not sure what you're getting at in your comment. Are you complaining about Uber raising their prices, or about Uber existing at all?

[astine]

My understanding is that Uber drivers don't have medalions. They compete with the protected taxis.

[danielweber]

Uber isn't a taxi company and doesn't have the protected industry status.