Taxi drivers, who excel at rent seeking (by ensuring that there are barriers to entry, such as "The Knowledge" and a limited number of taxi driver permits, and restrictions on what mini can drivers can do etc) were back on top form in London yesterday:
NO SOONER had the dragons and indeed Boris left the Shard, a wholly different crowd descended upon it: London's taxi drivers, who staged a disruptive protest over [Transport for London's] failure to give them a taxi rank outside the Shard's revolving doors…
"
They've given us a rank 250 yards down the road and want to call us with a hailing light, while private hires sit and wait by the door – why should we be second choice?" one of the members of London Cab Drivers Club complained.
Wednesday, 7 May 2014
Location, location, location
My latest blogpost: Location, location, locationTweet this! Posted by Mark Wadsworth at 15:31
Labels: Rent seeking, Taxi driver
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2 comments:
There's some value to black cabs in terms of outsiders visiting the city. They're like a brand that you can trust.
They do take the piss but in this day and age, I can Google a minicab firm from a train and use them.
The US is worse - you don't even have minicabs in some places, which is why Uber got created.
Yes, black cabs, splendid, and if people want to take one and pay a bit extra, that's fine by me. That is no reason for them to try and f- over mini cab drivers.
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