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None of your reasons besides keeping traffic down necessitate restricting the number of licenses. And a "fair" wage will be determined by the market.
by spacehome 9y ago
None of your reasons besides keeping traffic down necessitate restricting the number of licenses. And a "fair" wage will be determined by the market.
- 345655433 9y agoNo, the market will determine an efficient wage, not a fair one. The efficient wage often means the cost of someone who doesn't pay tax or insurance, sleeps in his car or in a dosshouse, parks on residential streets near airports, littering them with food wrappers and bottles of piss, and takes coke, meth or qat to work longer shifts in the undermaintained car he rents from the mafia. In this case medallions are a (bad) way of enforcing all the other types of regulation which are necessary.
- fergie 9y agoNope and nope. A guild of taxi drivers prevents a "race to the bottom", which does, in fact lead to the benefits I describe. Its not an issue of "fair" wages (although I did use that word), its an issue of _good_ wages. If you want a decent service, you have to attract good providers by paying decent money (and its here that Ubernomics falls down).