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But there's also the less intuitive problem you can run into where there's too much competition - too many taxis competing for too few customers making it impossible for any of them to actually make a living at it.

or prices crashe as the market is flooded with drivers, making it impossible to earn a living.

I think people arguing this need to do so more explicitly. The job of regulation, in my opinion, should not be to help cab drivers "make a living." Imagine the SEC saying their job is to help investment bankers "make a living"!

I'll say it again: who cares about cab drivers making a living? They make their living directly at the expense of that Grandma John Wolpert mentioned. You cannot have it both ways!

by WRD on Jan 17, 2012 5:49 pm • linkreport

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