5 ms·
Imagine an extremely simplified model where all immigrants to a city are experienced taxi drivers. There's more demand for goods, but probably only a small upti
by nitwit005 8y ago
Imagine an extremely simplified model where all immigrants to a city are experienced taxi drivers. There's more demand for goods, but probably only a small uptick in demand for taxis. The supply of available taxi drivers has gone way up however.
- chkdsk 8y agoSo you believe taxi drivers never need to use taxis?
- nitwit005 8y agoI rather clearly stated they would, just not much. The poor don't use taxis very frequently, as it's expensive to do so.
- sanxiyn 8y agoOne taxi driver usually generates demand less than what one taxi driver usually supplies.
- michaelt 8y agoA taxi driver generates 8 hours per day of rides. While taxi drivers sometimes consume rides, I can't imagine anyone thinks they consume 8 hours a day of rides?