Earlier quoted context omitted.
Cabs are a vital part of NYC transportation. Too many cabs will clog up streets causing traffic. There are other reasons to regulate. To prevent predatory pricing. Without set prices cab drivers would start ripping people off. You can see the trouble with this with Uber's surge pricing. I needed a cab home from the airport but Uber wanted 4X pricing. Luckly cabs still exist, but in 5 years they might not. My 80 buck…
I see your point but Uber is unregulated and it seems to be working fine. I'm not sure that cabs stick out as an industry that particularly needs this level of regulation.
> I see your point but Uber is unregulated and it seems to be working fine.
They violate transportation laws flagrantly in most jurisdictions. That's not "unregulated", that's breaking the law.