Tag: taxis
You’re in Joseph Schumpeter’s economy now.
February 8, 2017 | Post
To survive, even the most successful companies have to be willing to quickly dispense with yesterday’s winning business plan
Did you know that New York City taxi medallions can cost over $1 million?
January 8, 2016 | Post
In order to run a taxi in New York, you need a medallion. Because the number of medallions is restricted by the government (artificially restricting the supply, and thus, competition), getting your hands on a medallion can be extremely expensive. As Bloomberg Business explains: “To own a cab in New York, you need a medallion—a […]
Uber and the sharing economy: a new way of living
October 12, 2015 | Post
Earlier this year, I was making travel arrangements for a trip to Charleston. I booked my flight and hotel, and was about to book a rental car when I thought “wait a second. Charleston has Uber, doesn’t it?” It does, and I took UberX—the service that allows anyone who meets Uber’s requirements to drive for […]