NSW cabbies to receive Uber compensation

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By Leith van Onselen

ABC Radio has reported today that New South Wales taxi plate owners are likely to receive compensation from the Government for competition arising from ride-sharing services such as Uber:

TIM PALMER: The New South Wales Premier Mike Baird has signalled his Government will consider compensation for the taxi industry if Uber gets the green light to operate legally in the state…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.