Toronto’s taxi industry is hemorrhaging business to Uber, which has prompted debate about whether cab drivers deserve our sympathy and support. If we’re not going to ban Uber, Jonathan Kay writes elsewhere, we owe them a “lump-sum payment to make them whole.”
Certainly there’s reason to feel sympathetic for their situation. Cab owners invested in licences and the value of those licenses, as well as the income earned by cab drivers, has diminished since the city permitted Uber to disrupt the cabbies’ government-sanctioned cartel. The city is therefore responsible, at least in part, for their losses. But this does not mean it’s responsible for providing compensation for them.