(12 Feb 2017, 9:09 pm)Andreos1 wrote It is a gripe of mine and as my demand for the service is inelastic (I have no choice but to pay the fare charged) - it often feels that venting is a form of therapy.
> Isn't that the point though? Bus fares are high because Demand is inelastic.
Anyway, I was reading an old post from March 2015 where there was comment about the high fares on the 20, particularly between Houghton and Durham (who could have posted that comment I wonder?!). The single fare for that trip was £4.00. In less than two years, the fare has risen by almost 5%!
Do salaries increase that much over the same timescale?
> Some in the private sector may have had 5% rises over the last two years. Us in the public sector; 4% in 8 years!
As a comparison; First Manchester increased their fares by 7% last month, but those with internet banking and iphones who agreed to use mtickets were spared. First's argument (as mentioned in the trade press) is that the use of mtickets would speed up boarding by 75%. They claimed that without any mtickets, it takes 10.5 minutes to board 50 passengers. When has a driver EVER had anything like 10 minutes to board a full load?
RE: Pricing