2 ms·

Completely naive view of the situation, or you are just too young. You don't need be 500k in debt to get started for uber as you needed to get a yellow cab med

Completely naive view of the situation, or you are just too young. You don't need be 500k in debt to get started for uber as you needed to get a yellow cab medallion Once you made that decsion (to mortgage you house to get a yellow cab medallion), you are bound to that job as a serf.... Modern day serfdom, that's what the yellow cab medallion system became to the large cities. the only way out, was bankruptcy, or hope another person will pay just as much for that medallion. Often local mafiosi types were entangled with the system, and you had to deal with them as well. Please, lets not glorify the pervious system, as it was much worse. We can work and make this new system better, and force the large corps to provide more (benefits wise), but returning to the old medallion system is two steps back.

908B64B197 5y ago
> and force the large corps to provide more (benefits wise) They would need to make more money for that, and I'm not sure the consumer is ready to pay. Taxi fares in many cities used to be way higher with the medallions and ridership was abysmal.
- Karrot_Kream 5y ago
  This is the moral hazard of free-market economies without basic benefits. In an economy with real choice for labor, labor would walk when they're being abused with low pay and a minimum standard of living for labor would be priced into consumer prices. When there's no benefits, labor is always desperate to hold onto a job and put into situations where they accept jobs that they would rather not to not become homeless and benefit-less.