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NYC taxi drivers protest against Uber outsdie of Gov. Andrew Cuomo's office in 2015. Photo: Spencer Platt/Getty Images

Last Friday, a sixth New York City cab driver — 59-year-old Yemeni immigrant, Abdul Saleh — committed suicide, NBC News reported.

The big picture: Much of the blame is being placed on financial distress spurred by competition with ride-sharing companies in the city.

The competition
  • "About 70,000 app-based vehicles compete with more than 30,000 black cars and livery cars, 13,500 yellow taxis and about 4,000 green taxis," the Wall Street Journal's Paul Berger reported in May.
  • One of the big problems is that cab drivers are forced into financial distress as they try to pay off tax medallion loans — which essentially allow drivers to operate their own cabs, instead of leasing from companies. They've plummeted in value; Axios' Steve LeVine reported in May that they were worth over $1 million in 2014, and are now worth around $175,000.
  • There was a 23% decrease in annual earnings for full-time taxi drivers, the New York Post reported in March, from $45,529 in 2013 to $35,344 in 2016.
  • There's also the degrading factor, as career taxi drivers who take pride in knowing their way around a city are now in competition with many drivers who do it as a side-gig, Wired reported earlier this year.
The fix
  • The New York Taxi Worker Alliance (NYTWA) is calling for New York City Hall to "cap the number of vehicles flooding our streets; create a wage floor for drivers in all sectors....establish fare labor standards for FHV drivers and provide immediate relief to struggling yellow cab owner-drivers," according to a press release on Monday.
  • The NYTWA and Independent Drivers Guild (IDG) are united in wanting more money for drivers, Wired reports: The IDG wants apps to raise the minimum wage by 37%, and the NYTWA wants New York City to raise yellow cab rates.
  • Both the NYTWA and IDG want NYC "to cap the number of new entrants, as they worry that demand isn't keeping pace with increasing supply of drivers," per Wired.
What they're saying
  • An Uber spokesperson told Axios: "We are deeply saddened and our thoughts are with Mr. Saleh's family. Any new regulations must not hurt the millions of outer borough Uber riders who have long been ignored by yellow taxis and who don't have access to reliable public transit. We believe that all full-time drivers in NYC - taxi, limousine and Uber alike - should be able to make a living wage and support their families.”
  • NYTWA Executive Director Bhairavi Desai said, per Monday's press release: "We will not allow the status quo of callousness toward struggling drivers to continue for one more day...We will not sit idly by as Wall street behemoths and their shills try to derail regulation or limit it to just one sector of drivers when every driver in every sector...is sinking deeper into profound desperation. Suicide can't be the only way that desperate poor people find mercy."
  • The IDG said in a statement: "We stand in solidarity with our fellow drivers and will not rest until all of our city's For-Hire Vehicle drivers can make a living wage, start spending time with their families, and be able to retire. Until there are living wage rules to protect for-hire vehicle drivers and a halt on new drivers entering the industry, the desperation will continue. Our deepest sympathies to the family and friends of Mr. Saleh and to all our fellow suffering drivers, whether they drive for taxis, livery, apps or black cars."

Go deeper

Ben Geman, author of Generate
5 hours ago - Energy & Environment

Key clean power provision likely won't survive in Dems' spending bill

A construction worker walks along a dirt road at the Avangrid Renewables La Joya wind farm in Encino, New Mexico, on Aug. 5, 2020. Photo: Cate Dingley/Bloomberg via Getty Images

A pillar of Democrats' plans to speed deployment of zero-carbon electricity is likely to be cut from major spending and tax legislation they are struggling to move on a party-line vote, per multiple reports and a Capitol Hill aide.

Driving the news: The New York Times, citing anonymous congressional aides and lobbyists, reports that West Virginia Sen. Joe Manchin (D) has told the White House he "strongly opposes" the Clean Electricity Performance Program.

Updated 7 hours ago - World

Fatal stabbing of British MP David Amess declared a terrorist incident

Police outside Belfairs Methodist Church in Leigh-on-Sea, England, on Oct. 15. Photo: John Keeble/Getty Images

Authorities have declared the death of David Amess a terrorist incident, hours after the Conservative Party lawmaker in the U.K. was fatally stabbed while meeting with local constituents in a church in eastern England on Friday.

The big picture: The Metropolitan Police has found "a potential motivation linked to Islamist extremism."

Biden: DOJ should prosecute those who defy Jan. 6 subpoenas

President Biden speaks with reporters at Bradley International Airport in Windsor Locks, Connecticut. Photo: Brendan Smialowski/AFP via Getty Images

President Biden said Friday that the Justice Department should prosecute those who defy subpoenas from the Jan. 6 select committee.

Why it matters: The president's remarks come one day after Donald Trump ally Steve Bannon failed to show up for a deposition before the committee.