In 2014, the price of a New York City medallion topped $1 million. That year, they went for $700,000 in Boston, $400,000 in Philadelphia, and $300,0000 in Chicago.

But with the advent of outfits like Uber and Lyft, which cracked the cab monopoly by enabling consumers to hail rides from any registered driver using smartphones, loans for medallions dried up as the prices plummeted. Last year, more people used Uber than yellow cabs in New York City, according to the city’s Taxi & Limousine Commission, or TLC.

Meanwhile, cabbies and cab company operators have been unloading their medallions, the chief reason being bankruptcy. At a recent auction, the bidding for five New York City taxi medallions put up by the Aspire Federal Credit Union started at $150,000, and none sold for more than $200,000, Crain’s New York reported.

The horse mouthed socialist new heroine of the left

lol, you're such a piece of shit

Meh, he's not wrong.

I am not sure how one has an economic degree, and is a socialist. That is a new level of dumb...

It's not rare. Richard Wolff once explained that the acolytes of capitalism come out of business school, while econ majors wind up more skeptical.

I'M MENTALLY UNFIT

when I drove Uber there was no love lost between uber drivers and cabbies, believe me.

I'm a Premature Ejaculator

sjboyd=I'm a Premature Ejaculator

My wife is really miserable.