All of this has happened before, and all of this will happen again ;) This is basically a retelling of the cab industry origin story. The point is that this is

All of this has happened before, and all of this will happen again ;) This is basically a retelling of the cab industry origin story. The point is that this is an industry where the barriers to entry are so low, and the supply side so abundant (with the collapse of low skill labor economies across the US, ever more so) that the equilibrium state means everyone goes hungry. And more relevantly for us silver spoon Silicon Valley types, more and more corner cutting to eke out a profit. It's interesting watching us re-learn the motivations behind some regulations. This is why medallions were created, a far cry from the mustache twirling evil shenanigans that we'd like to paint on regulations. The medallion system emerged from real problems. It may not be a particularly good solution, but an alternative that does not address the problem at all seems equally misguided.