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> there are a dozen sleazy operators who own piles of them, do not drive, and have leased them out to cabbies at horrific rates. How is that sleazy? If cabbies
by driverdan 11y ago
> there are a dozen sleazy operators who own piles of them, do not drive, and have leased them out to cabbies at horrific rates.
How is that sleazy? If cabbies are willing to pay then it sounds like the market is working.
- sandworm101 11y agoBy 'sleazy' I mean this: http://www.bloomberg.com/features/2015-taxi-medallion-king/img/feat_taxi36__05.jpg http://www.bloomberg.com/features/2015-taxi-medallion-king/i... Full article: (heavily discussed on HN a couple weeks ago) http://www.bloomberg.com/features/2015-taxi-medallion-king/ http://www.bloomberg.com/features/2015-taxi-medallion-king/ Sleazy business operators are those who take advantage of employees, who do things like allocate risk from the highest earners to the lowest. In taxis, this is commonly done by charging a fixed rate for a limited asset (medallion/cab) used in a highly variable business. Individual drivers then carry the risk rather than the millionaire. Legal, but sleazy.