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The taxicabs of the United States make up a mature system; most U.S. cities have a licensing scheme which restricts the number of taxicabs allowed. As of 2012 the total number of taxi cab drivers in the United States is 233,900; the average annual salary of a taxi cab driver is $22,820 and the expected percent job increase over the next 10 years is 16%.
Taxi fares are set by the state and city where they are permitted to operate. The fare includes the 'drop', a set amount that is tallied for getting into the taxi plus the 'per kilometer' rate as has been set by the city. The taxi meters track time as well as distance in an average taxi fare.
The modern taximeter was invented by German Friedrich Wilhelm Gustav Bruhn in 1891, [3] and the Daimler Victoria—the world's first meter-equipped (and gasoline-powered) taxicab—was built by Gottlieb Daimler in 1897. [4] Taximeters were originally mechanical and mounted outside the cab, above the driver's side front wheel.
Because of the decline in medallion prices, many taxi drivers started working for ride-sharing services instead. [128] There was also a decrease in taxi usage: in November 2016, there were 336,737 daily trips that netted $4.98 million, a decrease from the 463,701 daily trips netting $5.17 million in November 2010.
Cabcharge installed 197 meters free of charge at an estimated cost of $120 to $160 per installation. From 9 November 2007, it sold meters at a retail price of $250. In addition, Cabcharge supplied meter updates free to networks and operators, notwithstanding that it incurred costs of around $75,000 to supply these updates.
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