In “New York restrictions on Uber will increase inequality?” I wondered about how the profits from this new government regulation would be distributed.
Now I’m wondering about the cars themselves. Taxis were capped in NYC for decades (leading to the $1 million medallion price). The result was that taxis were plentiful in rich parts of Manhattan and scarce in poorer and outlying neighborhoods. I wonder if the same thing will happen with Ubers now that they’re capped. Manhattan and hipster Brooklyn will be packed with Ubers while folks who live elsewhere… can walk.
Readers: Does the above make sense?