For many immigrants, the American Dream begins with the operation of a street cart due to the low start-up cost. However, as competition has grown, the number of permits in existence has not changed to accomodate the over-crowded space.
[…] the number available is capped at 3,000 in the cold season, plus 1,000 more from April to October, and there's a waiting list to get one. That creates a market for the permits, dominated by savvy underground permit holders who rent them out to the actual vendors—the going rate was $15,000-$20,000 for a two-year lease
Between the lack of permits, outrageous prices, and escalating costs, many of New York City's iconic pushcarts are forced to operate illegally. Read the full article for more info on the push cart crisis in New York City.
via Reason
Joshua Mu
Contributing Writer
When he is not attempting to hustle the hustlers of Central Park, Joshua enjoys exploring the depths of what New York has to offer. He one day hopes to pilot a drone without immediately crashing it.
Something wrong with this post? Let us know!
