Felix Salmon:

Essentially, every time you take a cab, your money gets split roughly evenly between the driver and the medallion owner. Which means that when a company like Uber comes along, it can offer lower fares to riders and substantially higher income to drivers ā€” a win for everybody except the medallion owners.

Which, of course, is the way it should be. The medallion racket has existed for far too long.

  1. aanwar reblogged this from parislemon
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  4. uber-groovy reblogged this from parislemon and added:
    That’s great. Cab drivers are treated like trash by medallion owners. I wish this existed when my pops was a driver.
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