Isn't that a good thing? Supply goes up due to demand at a specific price point. So either the supply is increasing to meet demand (which is good), or the price is falling so more quantity is demanded (which is also good).
> the limitation is the capacity of the roads, which this is addressing, for New York City
I live on 26th Street. It used to be two lanes of traffic and two lanes of parking. They redid this to have one lane of bike lanes, one lane of traffic, and kept the two lanes of parking. (You see a similar issue of self-inflicted policymaking at the MTA [1].)
This decision is a handout to medallion owners, who are prolific political donors in this city [2].
The means by which they address this works only for the wealthy.
I can afford a $30 yellow cab fare once in a while, but it cannot be the de facto option day to day. The same with congestion pricing -- great...if you're wealthy.
Perhaps the way to address the overuse of the roads might be to fix the reason the are being overused...because subways dont work in NYC anymore
