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.