mantra wrote on Jun 10
th, 2008 at 7:30am:
There's an under supply of cabs.
Mantra, there's actually no under supply, and I'll explain why. There's an
oversupply on week nights, where cabbies sit on ranks scratching their balls (excuse my, er, crudity), but on weekend nights the demand is very high. This is where the "under supply" occurs. But if more cabs were put on, it would make weeknights worthless for any cabbie to work. If more cabs were put on during weeknights, it would not be worth working as a cabbie, because you'd be working to feed the chooks. And you can't just magically get 50 more cabbies to work weekend nights. So the fact of life is, on weeknights the customer benefits, and on weekend nights the cabbie benefits. He can be selective in who he picks up, which he can't do on week nights. And he can refuse ridiculous fares offered by LAZY people who only have to walk two blocks to get home, when the cabbie could be getting $50-$100 fares from people who
really need a cab. It's really simple business maths. If you can earn $50, why settle for $5, and drunk time-wasters too lazy to walk around the block?