3 ms·
Taxi medallions used to cost hundreds of thousands (SF) to more than half a million (NYC). Nowadays they still cost tens of thousands in SF and hundreds of thou
by argonaut 6y ago
Taxi medallions used to cost hundreds of thousands (SF) to more than half a million (NYC). Nowadays they still cost tens of thousands in SF and hundreds of thousands in some areas like NYC.
Also, more efficient use of time from app-based routing.
- pmiller2 6y agoI'm not convinced. Do you have evidence that "more efficient use of time from app-based routing" actually results in drivers making more money?
- argonaut 6y agoMedallions alone should be enough to make a difference. The efficient use of time probably has much less of an effect on earnings, if true.
- pmiller2 6y agoI'm also not terribly convinced of this. Medallions are a one-time fixed cost. This should have little to nothing to do with long term prices, especially given that the prices of medallions have gone down significantly.
- twic 6y ago"app-based routing" is a mirage anyway. When you request an Uber ride, your request is advertised to drivers in the area, who can choose to accept it. There is no routing happening. Sure, the driver then drives a route given to them to by the app, but so does everybody else, just in that case, the app is Google Maps. AFAIK, the only routing cleverness is that the end of a shift, drivers can request to only take passengers who are heading in the direction of their own home. That's useful.