But 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 regardle

But 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.