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Boston Taxis- Why So High priced?.
established around 1630. It’s often recognized as the “cultural capital” of the surrounding area of New England. Being a city
and partially in the story of a man from Jordan who came to Boston and privately built a Boston taxi empire.
000. That’s what these businesses call a medallion.
To Boston taxi drivers — many of them immigrants who average 72 hours a week driving someone else’s cab to profit maybe $550 — the medallions are like magic, keys to higher quality lives for themselves and their families. In consequence, the medallions that were $50 in 1935 now demand a good deal more, which makes them the second costliest in the united states after New York City’s. As the price continues ascending, the cabbies keep driving and driving and striving to keep up.
Together with the poor financial crisis as well as the rising gas prices. It is no wonder that Boston taxis are expensive.