3 ms·
Yep - I really don't understand the failure of sympathy towards cab drivers themselves. Was the medallion system bad? Yes. Creating good jobs by enforcing rand
by Bartweiss 9y ago
Yep - I really don't understand the failure of sympathy towards cab drivers themselves.
Was the medallion system bad? Yes. Creating good jobs by enforcing random scarcity in a handful of markets is a ridiculous system.
But the people who bought these medallions didn't implement that system - they wanted to provide a service, and likely would have driven outside the medallion system if they could. Now they can, but they're broke because they happened to be in business while the government stopped screwing up their industry. They're victims of stupid regulation, not perpetrators.