free counter
World

1 / 4 of NYC Commuters MIGHT NOT Go back to Public Transit Post-COVID-19

A fresh study has figured over 1 / 4 of commuters who commonly used the NY City subway system before the CCP (Chinese Communist Party) virus pandemic may never return, threatening funding for the troubled transit system and forcing managers to take into account rate hikes to pay for the budgetary shortfalls.

A fresh analysis by consulting firm McKinsey & Co. predicted that ridership of the Metropolitan Transit Authority (MTA) subway system in NEW YORK may likely rise to only 74 percent of pre-pandemic rates by late 2024, down from the previous prediction for 86 percent ridership for exactly the same period. The analysis also forecasted that system-wide ridership would remain at 80 percent of pre-pandemic levels into late 2026.

Currently, subway ridership reaches 61 percent of 2019 levels, though it has nearly recovered to pre-panemic levels in some working class neighborhoods. However, in downtown Manhattan along with other central locations, including many upper and middle income neighborhoods, ridership remains highly depressed. Whereas the MTA saw about5.5 million rides on the average weekday in 2019, that number happens to be nearer to 3 million daily ridesthreatening the MTAs capability to generate sufficient revenue to sustain its operations.

Multiple Factors

There are many factors adding to the existing decline in subway ridership.

As crime has risen recently and some continue steadily to fear being infected with the CCP virus, many commuters are fearful and distrustful of the subway system, causing them to remain off the rails even while the pandemic subsides.

Crime has risen drastically because the start of the virus, with robberies increasing by 71 percent in the time from April 2021 and April 2022, associated with well-publicized incidents of violent assaultand incidents ofhate crime against Asian-Americans, leaving many commuters feeling unsafe in the subway system.

Exacerbating this matter may be the newfound prevalence of remote careers, which includes left many urban professionals who formerly relied on transit to commute to work not having to utilize the subway at all, or commuting to work just a few days weekly.

Losing in commuter traffic threatens the revenue blast of the brand new York MTA, which already finds itself facing funding shortfalls as pandemic-era funding concludes. Federal pandemic relief funds are anticipated to be depleted by 2025, leaving the MTA system with a deficit of$2.5 billion due to reduced ridership.

With out a major change in the systems income stream, the MTA may need to make drastic cuts to the citys subway service, inconveniencing the workers who live farther from the citys core and depend on the subway system for daily transportation.

In reaction to this crisis, the MTA is considering rate hikes, though this can do little to entice those commuters who’ve chosen other means compared to the subway to navigate the town.

The final time the MTA raised the subway fare was in 2015, once the cost of 1 ride rose from $2.50 to the present rate of $2.75.

Such rate hikes have already been criticized as a regressive method of generating revenue, and therefore they will have a disproportionate burden on the low and middle classes, who spend a larger part of their total income on necessities such as for example transportation.

Nicholas Dolinger

Follow

Nicholas Dolinger is really a business reporter for The Epoch Times.

Read More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker