Viewing a single comment thread. View all comments

User-no-relation t1_jcmnukl wrote

I mean it went from $1.75 100 years ago to $2.75. That's not a huge increase

0

edman007 t1_jcn4ste wrote

No, they are saying it was $1.75 for everything, now it's $8.25 and you pay a third ($2.75).

10

User-no-relation t1_jcn5qgt wrote

The graph is inflation adjusted

1

edman007 t1_jcn7paq wrote

Yes, it's inflation adjusted. But it's the cost to ride, not the per customer cost to operate. It's missing the second graph, the subsides provided by the government.

They were 0 when it started. It's absolutely not anymore. The MTA says fares only make up 23% of their budget. So MTA wide, the cost per ride is $11.96.

That $1.75 at the start was more than the cost per ride (since they were private companies with some amount of profit). The $2.75 for today is a tiny fraction of the cost.

16

lilBob1989 t1_jcnzgid wrote

Huh interestingly that is a lot closer to true average price on london tube

5

woodcider t1_jco3tbk wrote

We complain but a flat fare is such a good thing for commuters.

1