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On the surface it seems similar but I think there's differences because of proprietorship Seem to me that taxi driving is more of a (formerly) safe and proven
by dookahku 5y ago
On the surface it seems similar but I think there's differences because of proprietorship
Seem to me that taxi driving is more of a (formerly) safe and proven blue collar job rather than an enormous and risky enterprise with investor money. Whereas with cab driving many times in the past it was a simple loan
There's the expectation of failure in a startup but not in a simple blue collar job
There is much more on the line personally than a startup.
- Atheros 5y agoBut the taxis and jobs aren't actually at risk of disappearing. The only thing at risk is the return on capital; the taxis and taxi drivers will remain regardless. One might say, "But the taxi drivers were sometimes the ones investing in medallions" to which I would reply that "investing" is the key word there. The medallion and the taxi it is on will continue to exist.