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JTbane
on July 27, 2018
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New York Could Become First Major U.S. City to Cap...
The city would never buy the medallions back, because the price was based on an assumption of monopoly- they are worth much less now with the ubiquity of Uber and Lyft.
The cabbies have gotten the short end of the stick though.
j88439h84
on July 27, 2018
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The cabbies or the cab companies?
394549
on July 27, 2018
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Both. 29% are owned by independent drivers:
http://nymag.com/nymetro/urban/features/taxi/n_10292/
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The cabbies have gotten the short end of the stick though.