30 Jan '16, 11pm

What is a life’s work worth?

With Toronto Mayor John Tory seemingly hell-bent on paving the way for the new-fangled ride-sharing economy and Tim Hudak’s Bill 131 (“Opportunities In The Sharing Economy Act”) swiftly passing second reading at Queen’s Park, some Toronto taxi leaders are wondering if the writing isn’t on the wall for the industry to begin contemplating the question of financial compensation for their tremendous losses. “It’s do, or die,” says veteran owner Andy Reti. “If not now, when?” Between the City’s shameful mismanagement of the industry over decades, and Uber’s illicit and unchecked, expanding operations over the past four years, Reti and his fellow Standard plate owners have seen the value of their “taxi driver’s pension” nosedive from $350,000 or more, to $80,000 or less. Meanwhile, Toronto’s licensed taxi drivers have watched more than 50 percent of their business skimmed off th...

Full article: http://www.taxinews.com/whatisalifeswork.html

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