{"id":198,"date":"2011-05-08T15:38:25","date_gmt":"2011-05-08T19:38:25","guid":{"rendered":"http:\/\/centives.wordpress.com\/?p=198"},"modified":"2011-05-08T15:38:25","modified_gmt":"2011-05-08T19:38:25","slug":"the-economics-of-being-a-new-york-city-cabbie","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2011\/the-economics-of-being-a-new-york-city-cabbie\/","title":{"rendered":"The Economics of being a New York City Cabbie"},"content":{"rendered":"<p style=\"text-align:center;\"><img decoding=\"async\" src=\"http:\/\/centives.files.wordpress.com\/2011\/05\/050711_0055_theeconomic1.png\" alt=\"\" \/><\/p>\n<p>Ever felt that a Cabbie was taking you on a deliberately long route to make you pay more for the ride? Not in New York they didn&#8217;t. As it turns out the Taxi business there is one that relies on volume not distance. You can read the story over <a href=\"http:\/\/www.wnyc.org\/articles\/wnyc-news\/2011\/apr\/27\/cabbies-say-refusals-arent-about-hating-outer-boroughs\/\">here<\/a>; some of the more interesting points include:<\/p>\n<ul>\n<li>The average tip is<!--more--> 18%-19%<\/li>\n<li>Cab Drivers sometimes encourage people to take mass transit<\/li>\n<li>The number of fares needed to turn a profit on average is 20-30<\/li>\n<li>Overall fares haven&#8217;t increased since 2004<\/li>\n<\/ul>\n<p>Via: <a href=\"http:\/\/www.freakonomics.com\/2011\/04\/28\/freak-est-links-6\/\">Freakonomics Blog<\/a><\/p>\n<p>Source: <a href=\"http:\/\/www.wnyc.org\/articles\/wnyc-news\/2011\/apr\/27\/cabbies-say-refusals-arent-about-hating-outer-boroughs\/\">WNYC News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ever felt that a Cabbie was taking you on a deliberately long route to make you pay more for the ride? Not in New York they didn&#8217;t. As it turns out the Taxi business there is one that relies on volume not distance. You can read the story over here; some of the more interesting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-198","post","type-post","status-publish","format-standard","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=198"}],"version-history":[{"count":0,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/198\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=198"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}