Tuesday, July 8, 2008

Fare Increase

OMG! Another fare increase!!!
What's wrong with the world!?!? Prices are going up, spend is going up, but the supply remains the same.

The Philippine Inquirer today published the news about another fare increase that has been approved by local authorities and that will take effect within the week. I remember back during my elementary days (that's about 12 years ago) that the fare was only Php 1.50 per person (Php 1.25 if student). Now, the fare is at Php 8.00 and will be at Php 8.50 within the week. That's almost a 6-fold of its original cost! Wow!

If only the fares are directly proportional to our money-making.

Full story at the Philippine Daily Inquirer here: http://newsinfo.inquirer.net/breakingnews/nation/view/20080708-147151/UPDATE-NEDA-approves-fare-hike