You only need to visit a busy Manhattan street corner during commuting times to immediately realize how inapplicable those calculations are. They’ll be hundreds, if not thousands, of people waiting to cross but they only get the light 25% of the time. The rest of the time and most of the space is devoted to a tiny number of people in cars each taking up a huge amount of space and time per person.
What would the charge per car have to be to cross that street corner to possibly equal out all the time being wasted by all those pedestrians (times their hourly rate) waiting for those cars? I have to imagine it would be in the thousands of dollars per intersection or more.
There aren’t very many people in the world whose time is so valuable that it outweighs hundreds of other people’s, especially given that a random person trying to get to work in Manhattan him or herself is likely to be decently productive on average.
What would the charge per car have to be to cross that street corner to possibly equal out all the time being wasted by all those pedestrians (times their hourly rate) waiting for those cars? I have to imagine it would be in the thousands of dollars per intersection or more.
There aren’t very many people in the world whose time is so valuable that it outweighs hundreds of other people’s, especially given that a random person trying to get to work in Manhattan him or herself is likely to be decently productive on average.