Tag Archives: Doug Schifter; black car; taxis; Uber; Lyft; driving; ride sharing; NYC; New York City; adapt; comments; New York

When the Job Market Shifts, Always Remember That It’s All Your Fault

New York City livery driver Doug Schifter is the latest of traditional taxi and black-car drivers to commit suicide because the disruption caused by Uber and Lyft have driven down prices and increased competition to the point that it’s impossible to make a decent living despite working terribly long hours. I was amazed at the lack of compassion for people like him who find themselves displaced by the whims of capitalism.