Really, whio thought this up?
Unlike the bus companies anywhere else in the United
Kingdom, these London bus companies do not have a revenue structure
related to the number of passengers they carry or the fares they
receive: oh no, that would be far too commonsensical.
It
is a stunning fact that the London transport authorities do not even
tell their contractors – the bus companies – how much cash they are
generating in fares, and the bus companies do not know exactly which
routes are popular and which are not, because all that kind of detail
is jealously guarded by Transport for London.
Instead,
they are simply paid to ply the route, and they are paid according to a
formula that depends on the number of miles travelled during the day;
and so the buses’ real incentive is to whizz around London as fast as
possible with as few passengers as possible, and certainly not to
linger for a straggler.
Talk about getting the incentives wrong…paying by mileage, not passengers? So, of course, you’re going to maximise mileage not passengers…which isn’t, as far as I can recall, the point of a public transport systm. It’s supposed to be more about transporting the public, isn’t it?
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