- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
This chart shows how Uber is devastating New York’s taxi business
Posted on 12/31/15 at 10:01 pm
Posted on 12/31/15 at 10:01 pm
quote:
/cdn0.vox-cdn.com/uploads/chorus_asset/file/5847607/chart-05.jpg)
Uber’s devastating effect on the New York cab industry is plain to see in this chart, produced by Goldman Sachs, showing the change in the price of New York City taxi medallions since 2004.
New York’s yellow taxicabs are the only vehicles in the city allowed to pick up passengers who hail them from the street. The medallion system, in place since 1937, sets an upper limit on the number of those cabs. As demand grew, medallions became more and more valuable.
This chart shows how medallion prices rose from about $250,000 in January 2004 to a peak of just over $1 million for an individual medallion — and about $1.3 million for a corporate one — in March 2013.
LINK
18
Posted on 12/31/15 at 10:04 pm to Street Hawk
Good. Capitalism is a good thing.
Posted on 12/31/15 at 10:05 pm to Street Hawk
Competition is a good thing. Taxis are nasty.
Posted on 12/31/15 at 10:06 pm to Street Hawk
#can'tgetscrewedontaxifare
Posted on 12/31/15 at 10:07 pm to kywildcatfanone
Competition is a good thing. A regulated advantage favoring one system over the other is wrong though and that is what uber is.
This post was edited on 12/31/15 at 11:57 pm
Posted on 12/31/15 at 10:09 pm to athenslife101
They're the ones that pushed for regulations so I won't shed a single fricking tear
Posted on 12/31/15 at 10:10 pm to RebelOP
I'm confused.
Who in the hell could afford 1 million dollars just to drive a taxi?
Am I having a stroke? What am I missing?
WTF! Does it cost $300 to ride 10 blocks? How do they ever recoup that cash?
Who in the hell could afford 1 million dollars just to drive a taxi?
Am I having a stroke? What am I missing?
WTF! Does it cost $300 to ride 10 blocks? How do they ever recoup that cash?
Posted on 12/31/15 at 10:11 pm to TigerMyth36
People buy the medallion as an investment. Then lease the cab to a driver for a certain rate. Basically like a piece of commercial real estate.
This post was edited on 12/31/15 at 10:12 pm
Posted on 12/31/15 at 10:12 pm to TigerMyth36
It's all in the handbook that every one of those "Patels" receive when coming to America baw.
Posted on 12/31/15 at 10:13 pm to Lee to Toliver
They're pushing for regulation against uber because taxis are regulated so much more than uber
Posted on 12/31/15 at 10:14 pm to Lee to Toliver
quote:
Good. Capitalism is a good thing.
Posted on 12/31/15 at 10:15 pm to Street Hawk
I have no clue about taxi fares in NYC, but taxis are super ripoffs in comparison to Uber anywhere I've gone.
Posted on 12/31/15 at 10:16 pm to Rhino5
A billionaire Russian owns most of those medallions so don't really care.
Posted on 12/31/15 at 10:19 pm to Street Hawk
hooray for free markets
Posted on 12/31/15 at 10:19 pm to athenslife101
quote:
Competition isn't good thing. A regulated advantage favoring one system over the other is wrong though and that is what uber is
I don't think you meant isn't....and you're right, without government, unions and insurance companies having ability to profit, taxis don't stand a chance...but all three of them will ultimately kill uber.
Posted on 12/31/15 at 10:19 pm to tiggerthetooth
My first experience with Uber was in Boston a year and a half ago... it blew my mind.
Posted on 12/31/15 at 10:33 pm to Street Hawk
At least taxi drivers don't sell drugs to and rape their passengers. But I guess that doesn't matter to some people who only care about saving a dollar or two on a car ride
Posted on 12/31/15 at 10:38 pm to Anonymous95
Yes, I meant to say competition is a good thing.
Posted on 12/31/15 at 10:41 pm to Street Hawk
frick em, Uber is a much better product.
People are going to tend to use the better product when trying to decide.
People are going to tend to use the better product when trying to decide.
Posted on 12/31/15 at 10:41 pm to LucasP
What's the average star rating for the rapist Uber drivers?
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News