Re:End of the line for Uber?
by dbt00 on Tuesday August 10, 2021 @05:38PM
(#28134980)
They were in Manhattan. They weren't in SF, and they certainly weren't in, say, Urbana, IL.
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I think you got it. Pay a million dollars for a medallion, and then have the right to sit at Times Square or JFK and charge people $50 to drive them for 20 or so minute. The cabs are independent LLCs, so they're on their own for health insurance, 401k, etc. Mostly driven by immigrants, I think being a cabbie can be a tough job.