Missy Johnson said:ok i feel like dean here but i did some research. in 1904 when the subway opened a fare was .05 then in 1948 - .10; 1953 - .15; 60's - .20; 70's - .30; 80's - .60; 1986 - 1.00; 1995 - 1.50 then 2003 - 2.00
cpi in our area increased roughly 2139% over this time period (1905-2005)which means that if the .05 was a fare determined by free supply and demand forces, the fare today adjusted at cpi should be 1.07 (this analysis ignores any change in services offered and assumes you are getting the same service in 2005 as you were in 1904. so really, we are paying an extra buck for all the improvements.
see? so $2 is not that unreasonable.
Good work missy!