Quote:
Originally Posted by urban1
Are you sure about this?
Im relatively new to Calgary but in most other cities in Canada its the drivers who own the cab licences. The cab companies may own a few licenses but the majority are owned by individuals. The cab companies make most of their money from dispatch fees.
The cab licenses like anything else can be sold in the open market and can fetch pretty high values. I know when I left Toronto there was a change in the way the licenses were given out and a lot of cab drivers were upset because they were losing a lot of money in the value of what they paid for the licenses because they werent going to be able to resell them and had to surrender them to the city if they no longer wanted them. (Not sure on the details though.)
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I'm sure, too many people want licences and can't get them, to the poster above you're right they get very little respect, the money if you own a cab licence and like working 8-12 hours is not bad, it's better then flipping burgers (no offense to anyone who does).