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That's true, but that doesn't make it indentured servitude, or even close to it. Medallions exist to keep the supply of taxis limited. It ensures cab drivers h
by enraged_camel 9y ago
That's true, but that doesn't make it indentured servitude, or even close to it.
Medallions exist to keep the supply of taxis limited. It ensures cab drivers have a certain standard of living. They can also be sold, so if the driver is retiring or wants to change to another career, they can do that.
It's not a perfect system but it strikes a decent balance between worker protection and limiting externalities (e.g. by making sure not everyone decides to become a cab driver and clog up roads).
edit: I guess Uber shills are out in force today.
- fragmede 9y ago> It's not a perfect system I mean, slavery could also be described as "not a perfect system". Medallions in NYC had wholly undergone regulatory capture, so while the system may have started with good intentions, it had since been perverted into a self-perpetuating machine that prints money for a couple of lazy fat cats, to the detriment of everyone else.
- enraged_camel 9y ago>>I mean, slavery could also be described as "not a perfect system". Medallion system is nothing like slavery. False equivalence. >>it had since been perverted into a self-perpetuating machine that prints money for a couple of lazy fat cats, to the detriment of everyone else. The medallion system benefits citizens because it ensures that taxis don't dominate city streets at the expense of regular car owners.
- sctb 9y agoCould you please stop violating the guidelines, which ask you not to complain about voting or insinuate shillage? https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html