Archived Boston cab drivers have a plan to push more customers to Uber (bostonglobe.com)
submitted ago by BillCo
Posted by: BillCo
Posting time: 5.3 years ago on
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Archived on: 2/12/2017 1:51:00 AM
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Archived Boston cab drivers have a plan to push more customers to Uber (bostonglobe.com)
submitted ago by BillCo
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[–] Yollasho ago (edited ago)
So even the taxi drivers know their real fate...
Since uberX Launched, the Price of a Boston Taxi Medallion Has Only Gone Up-June2014 Article
Taxi medallion costs $700,000 (Seven Hundred Thousand....WTF)
For $700k I'd expect someone to become a surgeon of the absolute highest degree and make bank for their foreseeable future no problem. Not get the right to operate a taxi. Oh wait, becoming a surgeon doesn't even cost that much...damn. Even in residency surgeons make $50k+ so they can pay back their $200k in debt.
One guy owns 21% of the medallions in Boston.
To make it worse, most of the taxi drivers are paying the owners of the medallions to actually drive a cab...
They pay someone else...to drive a taxi...
Seems to me they're failing to see the outdated corruption within their own industry and should be trying to dismantle the whole taxi business themselves.
Guess since so many of them got scammed, they can't come out and admit it.
This article shows how fucked the taxi industry is in general