> wiped out Really? Yellow taxis are alive and well in NYC. The drivers who were 'wiped out' are the ones that bought a medallion at the peak of a bubble. Th

> wiped out Really? Yellow taxis are alive and well in NYC. The drivers who were 'wiped out' are the ones that bought a medallion at the peak of a bubble. They were victims of predatory lenders as much or more than Uber or Lyft. Most drivers rent cabs and medallions for a fixed price and then keep whatever fares they earn. Even drivers who own medallions would typically let them out to other drivers so the cab could be on the streets for as close to 24 hours as possible. Rideshare services have made the medallions less valuable because drivers for them don't need to rent a cab and medallion, and so the owners can demand less for renting them out. In other words, it has given labor _more_ power, and the typical cab driver is doing better. If you've been noticing less cabs lately, it's probably Covid related, as the pandemic has diminished the demand for all types of travel, particularly in Manhattan.