No, those arguments are trotted out by the companies that hold the precious taxi medallions (~$1m a pop) and lease them to cabbies at extortionate rates. The c

No, those arguments are trotted out by the companies that hold the precious taxi medallions (~$1m a pop) and lease them to cabbies at extortionate rates. The cabbies themselves are, for most part, happier working for Uber than their current masters. See also: http://www.slate.com/articles/business/moneybox/2012/06/taxi_medallions_how_new_york_s_terrible_taxi_system_makes_fares_higher_and_drivers_poorer_.html http://www.slate.com/articles/business/moneybox/2012/06/taxi...