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[–] floormatt3 0 points 3 points (+3|-0) ago 

This is almost better for taxi drivers, from what I understand. A cheaper medallion means less out of their own pockets to keep their big, yellow taxi

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[–] tilken31 [S] 0 points 3 points (+3|-0) ago 

Though, if you bought your Medallion back in 2013, you have now lost 300K of your investment...

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[–] Zodi ago 

Yeah but the reason why they were so expensive before was so you had to work through a company, rather than be your own boss.

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[–] devotedtoneurosis ago 

And face a more competitive market.

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[–] tangerinepeeler 1 point 0 points (+1|-1) ago 

I don't think it's better for them. Yes, it's cheaper, but they don't have the same amount of work they had before, meaning they earn less money.

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[–] jeegte12 ago 

he did say "almost"