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It is actually a bigger economic loss to waste the same amount of a more productive worker's time. And that time wasted in line is simply gone; money paid to co
by closeparen 8y ago
It is actually a bigger economic loss to waste the same amount of a more productive worker's time. And that time wasted in line is simply gone; money paid to compete for seats can be invested by the transit agency into services.
- Firadeoclus 8y ago> It is actually a bigger economic loss to waste the same amount of a more productive worker's time. Only if they're losing productive time, i.e. working less. And in any case, most people don't want to maximise total productivity for the sake of it. Plus, FCFS doesn't actually have to imply waiting in line.