Thursday, April 28, 2011

NYC Cab Drivers Don't Believe Krugman

While the latest on inflation from Paul Krugman remains:
....there’s nothing here to suggest any reason to consider inflation a problem.
NYC cabbies see things differently. NyPo reports:

With gas prices soaring, cab drivers are asking the city for a 15-percent hike in rates...

Bhairavi Desai, head of the Taxi Workers Alliance in New York, said she will formally propose the increase next week...

Taxi and Limousine Commission Chairman David Yassky did not rule out the possibility of a fare increase.

“Gas prices to impose a real burden on drivers since drivers pay for the cost of gasoline. … When gas this $4.50 a gallon it could make it hard for a driver to pay the rent and put food on the table so I understand why they put that forward and we will certainly give it the consideration that it’s due,” Yassky said after testifying at the hearing.

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