User:Daithii4u

Waterford's taxi industry Just a few short years ago before taxi deregulation waterford has 39 taxis. It now has almost 400 taxis. A taxi license before derugulation could cost you as much as 95,000 punts. Waterford's population today is estimated to be around 54,000. In 2006 it was 49,240. A taxi license today is just €6,300.

Statistics from taxi unions suggest a taxi to survive should at least be earning €100 euro a day. This figure could not be met even if all waterford's population used a taxi even once a week. During the week taxis in Waterford could earn as little as €45 a day. This has lead to recent protests from the taxi industry. New emigrants to the country are especially attracted to the industry, leading to the majority of new entrants into the industry. These new entrants into an already saturated market is leading to resentment and possibly racism.

Standards in the Industry.

As new taxis enter the market the customer pool stays at the same numbers. This means a greater number of taxis are taking from the same customer pool. Obviously this means incomes go down and swiftly followed by the standard of taxi. Insecurity is leading to hesitant investment in new taxi stock.

Obviously at the weekend come closing time, when 10.000 taxi users are thrown out of night clubs and demand a taxi all at the same time, people will be left waiting, but this is usually just an hour, between 2am and 3am on a Saturday