Demise of taxi drivers?

The recent huge increase in taxi fares could lead to a
major restructuring of the trade. For the moment the
hike may seem to be a non event with many celebrating
their holidays and fresh with cash from their year end
bonuses. Once the festivities are over, another round
during Chinese New Year, the spending will be over.
People will come to their senses and the last splurge
of a sort during the