Despite being heavily outnumbered by Uber and Lyft drivers, taxis remain an iconic symbol of New York.
While this is in large part due to consumer choice and the ease of ordering a ride-share car, it's also a result of the tough work conditions taxi drivers have faced. They work an average of 9.5 hours a day, 6 days a week, according to theMedallions reached a hefty price of overin the early 2010s after being artificially inflated by predatory lending, the lure of a rare asset, and industry leaders purposefully overpaying.
Prices subsequently tanked with the rise of Uber and Lyft which caused great anguish for drivers who owned their own medallion. TheGet Philly local news, weather forecasts, sports and entertainment stories to your inbox."With the government shutdowns of various cities due to the COVID pandemic, a lot of drivers moved to different areas of work," said David Do, commissioner of the New York City Taxi and Limousine Commission.
Now, taxi drivers are fighting for space in the industry as they recover from the medallion crisis and COVID-19 pandemic.
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