Taxi math simply doesnt work. Theres enough min wage work out there if they were only making $40 to $50 a night, there wouldnt be a single taxi on the roads, let alone a fight for extraordinarily expensive plate ownerships.
They can't sell the licenses in Vancouver at any price.
http://bc.ctvnews.ca/uber-concerns-slash-taxi-industry-share-value-in-vancouver-1.2697647
I got a laugh out of the taxi industry's response to phone based social media ride hailing. #TAXI app. Only $1.75 fee charged to you through your provider. Dumba$$es. The URL for the website is fitting.
www.poundtaxi.com