Chicago, Illinois -- Tuesday, February 12, 2019
On its way to land, a plane passes by a designated lot where taxi drivers wait their turns to pick up passengers at Chicago O'Hare International Airport. Drivers often have to wait three or four hours to pick up a passenger at Chicago's two major airports but say the time is worth the guaranteed fare.
Chicago taxi medallions, now worth about $25,000, were once valued at nearly $400,000. The market's crash and predatory loans caused many medallion owners to declare bankruptcy in a situation made worse by the introduction of ride share apps like Lyft and Uber to the market.
CREDIT: Alyssa Schukar for The New York Times