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People who have no other options than to take the bus don't think like this. This is how economists think. What they do is look at their employment opportunitie
by throwway120385 2y ago
People who have no other options than to take the bus don't think like this. This is how economists think. What they do is look at their employment opportunities, realize that they can get X number of hours more from a job if they take the bus rather than walk to work, and then they make the 1 hour or 1.5 hour bus ride work even if it kills them because the alternative is not eating or not feeding their family.
So no, opportunity cost doesn't matter here.
- thehappypm 2y agoRide-hailing apps absolutely fill transit deserts, and poor communities do, in the real world, use them quite a lot. That decision is not explicitly framed as opportunity cost, it's more the common-sense "I'll be late for work if I risk taking the bus".