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> throttle driver recruitment maybe they could have uber drivers buy shiny medallions at a moderate cost, but then limit the supply of those medallions per mar
by mgkimsal 8y ago
> throttle driver recruitment
maybe they could have uber drivers buy shiny medallions at a moderate cost, but then limit the supply of those medallions per market? drivers could sell their medallions for market value.
- braythwayt 8y agoUnderrated comment. Sometimes, we disrupt a business, but fail to disrupt the underlying market forces that shaped the business in the first place. I suspect that until we have robo-taxis, uber and Lyft can displace the existing taxi companies by being new and high-tech, but in the end they have the same market forces acting on their availability and pricing that act on taxi companies. So they will wind up being the new taxi companies.
- icebraining 8y agoTaxi medallions weren't imposed by market forces.
- neosat 8y agoThis ^. Taxi medallions were the opposite of letting market forces do their work.