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The Boston Globe

Opinion

The Podium

Boston should tread rightly in changing taxi system

The Boston taxi industry is under assault from many sides. The media, some politicians and lawyers have painted a picture of an industry run by a few large cab companies, where drivers barely earn enough to keep a roof over their heads. This simply is not true. The majority of the market, 70 percent, is made up of small businesses with one or two medallions.

I am the proud owner of a taxi medallion who started out as a cab driver. I worked long hours, scrimped and saved enough money to put a downpayment toward purchasing my own cab and medallion (which allow vehicles to operate as cabs), and have invested my life savings in my cab. Now, I am worried that policymakers may rush into changes that will have unintended consequences for drivers, customers and the other small business owners like myself.

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