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Mexico City Subway Becomes the Most Expensive in the World
Mexico City Mayor Miguel Mancera surprised residents of this megalopolis when he announced recently that metro ticket prices would be hiked from 3 to 5 pesos.
But even more surprising is that the Mexico City Metro, which is one of the busiest in the world with an annual ridership of 1.6 billion in 2012, will now become the most expensive amongst OCDE nations, reports Inteligencia Pública.
When adjusted for the minimum wage, Mexico City’s new 5 peso (about .40 US cents) subway ticket does, indeed, become the world’s most expensive. The current minimum wage in Mexico’s capital city is 64.76 pesos (about $5.00 USD), one of the lowest in the world.
Minimum wage workers have to work 1.38 hours to earn the 10 pesos for 2 metro tickets. In the United States, based on the national minimum wage of $7.25, 2 tickets paid with money earned working the same amount of time would come out to $10.00.
On top of this incredibly high price, under Mayor Mancera’s plan, it becomes difficult to qualify for a discount. Only single mothers, the unemployed, high school students and on-duty police officers who can prove DF residency will be eligible for a reduced fare.