Search results
Results from the WOW.Com Content Network
Taxi fares are set by the state and city where they are permitted to operate. The fare includes the 'drop', a set amount that is tallied for getting into the taxi plus the 'per kilometer' rate as has been set by the city. The taxi meters track time as well as distance in an average taxi fare.
The taxicabs of the United States make up a mature system; most U.S. cities have a licensing scheme which restricts the number of taxicabs allowed. As of 2012 the total number of taxi cab drivers in the United States is 233,900; the average annual salary of a taxi cab driver is $22,820 and the expected percent job increase over the next 10 years is 16%.
[124] [125] In 2013–2014, values were around $1 million [126] to $1.3 million. [120] By comparison, in 2004, a taxi driver had an average yearly gross revenue of $90,747 and a net income of $49,532. [123] Because of the historically high prices, most medallions (and most cabs) are owned by investment companies and are leased to drivers ("hacks").
Taxi drivers have an official uniform given by the union – it's a white shirt with a green taxi syndicate logo in the chest pocket area. Every taxi has an identification number marked on the side.
In 2014, that price had risen to around $700,000. [7] Shortly thereafter, however, medallion prices began to sharply decline. According to the Boston Herald, by the end of 2018, the value of a Boston Taxi Medallion had collapsed; after reaching an all-time high in 2014, prices had fallen to around $40,000, representing a 95% loss. [8]
The world's second largest automobile market, [5] the United States has the highest rate of per-capita vehicle ownership in the world, with 865 vehicles per 1,000 Americans. [6] Bicycle usage is minimal with the American Community Survey reporting that bicycle commuting had a 0.61% mode share in 2012 (representing 856,000 American workers ...
It takes an annual salary of $787,712 to be in the top 1% of earners in the U.S., according to a recent study based on IRS data.. So, someone making more than $1 million annually is “really ...
Gasoline consumption in the city today is at the rate of the national average in the 1920s. [10] New York City's high rate of transit use saved 1.8 billion US gallons (6,800,000 m 3) of oil in 2006 and $4.6 billion in gasoline costs. New York saves half of all the oil saved by transit nationwide.