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The Taxi Driver's Plight and Internet-Enabled Disruption

On the way to work this morning, I listened to The Daily, The New York Times podcast hosted by Michael Barbara. This is a typical day for me, and I generally find the podcast really balanced (I'm an Independent voter, for the record). As I mentioned at the beginning of this year, I take in a wide range of content to be on a continuous learning journey (you can read that post here).

Today's episode of The Daily really struck me. It was about another New York taxi driver committing suicide, apparently because of the dramatic decline in their medallion appreciation. This is due to the invention of Uber, Lyft, and other ride-sharing apps and specifically due to New York City's response to them. You should listen to it and then ask yourself these questions: