Economic rents are harmful to the economy and keep new labor entrants out as you have pointed out making it harder for young people or others to get a job.
A way to complete with Uber and existing taxi services is to provide greener vehicles such as electric or hybrid (the new yellow taxi medallion cabs in NYC are all hybrid). Just as people are willing to pay more for organic food they probably be willing to pay for cleaner vehicles.
Economic rents are harmful to the economy and keep new labor entrants out as you have pointed out making it harder for young people or others to get a job.
A way to complete with Uber and existing taxi services is to provide greener vehicles such as electric or hybrid (the new yellow taxi medallion cabs in NYC are all hybrid). Just as people are willing to pay more for organic food they probably be willing to pay for cleaner vehicles.