Every single problem named in the Uber model and the medallion model is the result of regulatory interference in free market Dynamics.
Tight regulation stifles markets and creates monopolies like the yellow cabs and onerous medallion system.
Let the market provide modern services, things rarely transition seamlessly so have patience.
The old model is dead.
RE: Uber/Lyft Destroy NYC Taxi Cartel In Under 5 Years; Drivers Still Losing
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Uber/Lyft Destroy NYC Taxi Cartel In Under 5 Years; Drivers Still Losing