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Boston Taxis- What Are They Worth?.
Boston taxis come from the 22nd largest city in the country (population wise) and also the state capital of Massachusetts. It is regarded to be one of the first cities in the nation
who is earning the profits? The answer lies partially with money lenders who profit from people who try to drive their way to the American dream.
000. That’s what these folks call a medallion.
To Boston taxi drivers — most of them immigrants who average seventy-two hours a week driving someone else’s cab to earn maybe $550 — the medallions are like magic, secrets to better lives for themselves and their family. Therefore, the medallions that cost $50 in 1935 now cost way more, causing them to be the 2nd priciest in the country after New York City’s. As the price keeps ascending, the cabbies keep driving and driving and seeking to continue.
partnered with the bad financial crisis as well as the rising gas prices. It’s no surprise that Boston taxis tend to be overpriced.