If you read the article, most medallions are owned by individuals, were it seems at most 1 person owns 4 medallions. And the cabbies were able to make a living

If you read the article, most medallions are owned by individuals, were it seems at most 1 person owns 4 medallions. And the cabbies were able to make a living wage. In this specific case we have 2 national companies paying just above minimum wages taking over the industry in Chicago, probably incentiveing local pols not to change regulations. So once again the little guy gets crushed.