With an ongoing driver hunger strike, local politicians being arrested, celebrity endorsements, the issue being discussed at the NYC Mayoral debate and more, the medallion crisis is at a crossroads
Mr Mian thank you for your article. You were missing some very important information. In the TLC rules they must maintain medallion values and drivers wage. Which they have not. Also the medallion had exclusive right is a hail and an ehail. Uber/Lyft work on pre arrangement, that is a lie. They work by ehails. Besides all the illegal hacking that goes on. Also no one is talking about the medallion owners who worked there whole life for a medallion and have no income from the asset. Lastly you mentioned how some are renting car for 700-800 a week 24/7. That might seem like good money for a medallion owner. That doesn’t cover the bills. Ins/wc/car pymt/repairs/tax stamp/ned renewal/credit card fees/ and so on. The solution is simple it has been going on for 100 years you need a medallion to operate with a capped amount. or the city should buy them back at the last auction price. Lump sum or payout.
Mr Mian thank you for your article. You were missing some very important information. In the TLC rules they must maintain medallion values and drivers wage. Which they have not. Also the medallion had exclusive right is a hail and an ehail. Uber/Lyft work on pre arrangement, that is a lie. They work by ehails. Besides all the illegal hacking that goes on. Also no one is talking about the medallion owners who worked there whole life for a medallion and have no income from the asset. Lastly you mentioned how some are renting car for 700-800 a week 24/7. That might seem like good money for a medallion owner. That doesn’t cover the bills. Ins/wc/car pymt/repairs/tax stamp/ned renewal/credit card fees/ and so on. The solution is simple it has been going on for 100 years you need a medallion to operate with a capped amount. or the city should buy them back at the last auction price. Lump sum or payout.