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Boston Taxis- Why So Steep?.
including a decisive role to the American Revolutionary War.
who is making the income? The answer lies partly with loan providers who make money from masses who try to drive their way to the American dream.
000. That’s what these businesses call a medallion.
To Boston taxi drivers — many of them immigrants who average seventy-two hours a week driving someone else’s taxi cab to profit maybe $550 — the medallions are like wealth, secrets to better lives for themselves and their family. Subsequently, the medallions that were $50 in 1935 now demand a lot more, making them the second costliest in the country after New York City’s. Since the price keeps increasing, the cabbies keep driving and driving and struggling to keep up.
Plus the bad financial situation as well as the increasing gas prices. It is no wonder that Boston taxis are expensive.