Taxi Fares Rise, and Only the Oil Companies Win

Photo: iStockphoto.com
Well, maybe not. In reality, the pinch you'll feel is unlikely to top a dollar per ride. And before we start bemoaning the new reality of a $10 crosstown hop, let's remember that cabbie wages have been almost completely stagnant since 1979, when the drivers won the right to charge that 50-cent fee for late-night rides. The recent oil woes erased the effects of the 2004 rate increase, and they will do the same to this one: The average cab picks up 30 fares a day, so the drivers are looking at a paltry $30 extra in their coffers. A mere uptick in gas prices is enough to make it disappear.
Also expected to pass — an impeccably logical proposal to make a trip to JFK cost as much as a trip from JFK: a flat fare of $45. And it only took them ten and a half years — the first JFK flat fare started in January 1996 — to come up with it.
Cab to Cost Ya an Extra Buck [NYDN]

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