Economics of Taxi Medalions (Re: taxi! taxi!

Doug Henwood dhenwood at panix.com
Mon May 18 11:21:11 PDT 1998


Nathan Newman wrote:


>I am unconvinced that limiting the medallions helps workers in the long
>run, but
>can people provide other reasons why it supports the public interest to limit
>the number of medallions?

Nathan, the number of medallions isn't the central issue of the moment, it's the Mayor's plan to ratchet down drivers' incomes and to hold them up to public humiliation. I'm very impressed by the solidarity shown by the non-yellow cabbies - they understand what's at stake too.

Doug



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