Additionally, some taxi drivers might begin their shifts by owing money to the taxi fleet companies that hire them, so they may spend a substantial amount of their day trying to earn a net profit. Starting in 2014, medallion prices dropped considerably, likely due to competition from ride-share services. , medallion prices had dropped to around $500,000 in value, with one medallion dropping to $250,000. Because of the decline in medallion prices, many taxi drivers started working for ride-sharing services instead. 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. However, in mid-2016, after a five-year decline, taxi usage began to increase again. Due to this competition, medallion owners sued the city and Uber in November 2015. By 2017, the 60,000 rideshare vehicles in New York City outnumbered the city's medallion vehicles at a ratio of almost 4 to 1, and many medallion owners faced the prospect of bankruptcy or severe debt because of the low medallion prices, which few entities were willing to buy. Medallion holders had trouble making payments on the loans that they borrowed to pay for the medallions. This, in turn, led to several high-profile suicides of taxi drivers who had seen decreases in profit due to the proliferation of rideshare vehicles. In August 2018, the city voted to stop issuing new ride-share licenses for one year, as well as enacted a minimum wage for for-hire vehicle drivers. The vote was intended to regulate the for-hire vehicle industry and prevent taxi medallion prices from falling further, but Uber and Lyft criticized the restriction, stating that it would have a negative impact on commuters in the outer boroughs.