NYC taxi drivers go on hunger strike against debt

Taxi drivers in New York have been protesting demanding debt relief. Many drivers are highly indebted with over 900 having filed for bankruptcy over the past few years

October 30, 2021 by Peoples Dispatch

Taxi drivers in New York City in the US have been on a hunger strike for over 10 days demanding debt relief. On average, the owner-drivers owe 550,000 dollars in loans. 95% of these drivers are immigrants. Over 900 have filed for bankruptcy since the price of the medallion shot up to $1 million in 2014 because of predatory lending and speculation. Since that time, 9 drivers have committed suicide.

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