I do sympathize with the cabbies' overall decline in business, although I can't help but feel a little smug reading this line:
With greater competition and fewer passengers, one perennial complaint against cab drivers has come down significantly — that of being choosy when it came to picking up passengers. Now, they can’t afford to do that.
This used to be a major annoyance, cabbies choosing only long-trip and/or high-demand-destination passengers. Some of them still do this, as I have witnessed in heated negotiations at taxi points. A couple of years back, getting cabs for a journey within the old town was near impossible due to this practice, and overall higher demand.