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"If anyone could drive a cab, the profession might only barely pay a living wage" According to the article, it hardly does that now: shortly after the most re
by gruseom 14y ago
"If anyone could drive a cab, the profession might only barely pay a living wage"
According to the article, it hardly does that now:
shortly after the most recent fare raise in 2006 [...] an independent consulting company found that drivers’ take-home pay for a 12-hour shift averaged $158. (Last year the NYTWA calculated it at $96.) By all accounts, it’s slipped since.
So, something around $10 per hour.
I don't think that drivers' quality of life is motivating this policy.
- jacobolus 14y agoBasically, all the surplus that was supposed to go to drivers via the license restriction has instead been sucked off by a rent-seeking financier class.
- gruseom 14y agoOne small healthy sign is that the terms "rent-seeking" and "financialization" seem now to have entered the lexicon.