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TangoTrotFox | 7 years ago

This has also been my experience. I think a meta here is that the vast majority of cab drivers don't, and can't, own their cab. Medallion cabs, for instance, are sold based on bids and have gone for upwards of $2 million and as "low" as around $500k. And in some places they have government granted monopolies meaning playing this game is the only way to drive a cab.

So most drivers rent their taxi, often by the day. And since fares are front-loaded (you earn a lot more picking up 100 people for 5 miles, than 1 person for 500 miles) it creates an incentive for taxi drivers to go crazy. Granted that same pressure is ostensibly there for Uber drivers, but I think it's different when your car is your car rather than a temporary asset you just dropped a fair chunk of change to rent for a single day.

Somehow transportation, world wide, always ends up in these sort of scummy monopolistic rackets.

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