> Again, the medallion only goes as far as ensuring that all drivers get a sustainable wage.
I'm saying that no, it doesn't do that. Taxi drivers are staying afloat despite medallions, not because of them.
I'm saying that no, it doesn't do that. Taxi drivers are staying afloat despite medallions, not because of them.
Overtime the system was intended to do various things like hold drivers accountable which it very much did, as well as various things it failed at.
but how? the market would decide how much a taxi driver earns based on the simple law of supply and demand. Unlivable wage for one might be a very livable wage for another one.
The consumers would massively benefit from increased competition.
Maybe you want locals with families to have the opportunity to drive. So you control the supply until they can afford local rents and still have time to spend with their kids.
Of course, cities often turned it into extortion, but they don't have to do that.