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January 17, 2022

U.S. Voters

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NYC Cab Drivers Win BIG For Workers

1 min read

NYC Cabbies win millions in aid after a hunger strike. John Iadarola and Dan Evans break it down on The Damage Report.

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Read more here: https://www.nytimes.com/2021/11/03/nyregion/nyc-taxi-drivers-hunger-strike.html

"New York officials said Wednesday they had struck a deal with the largest holder of taxi loans in the city to help rescue thousands of cabbies who have been crushed under paralyzing debt after years of exploitative practices in the industry.

The move was a major win for drivers: As part of the deal, officials agreed to significantly expand a financial relief program that they had announced earlier this year that many drivers had criticized as insufficient.

In all, the city could spend $100 million or more in a bid to potentially eliminate hundreds of millions of dollars in debt owed by the drivers. The final cost has not yet been determined."

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