US cities pay too much for buses

Don't be fooled, paying less won't help much since the cost of a bus is a small part of the costs of running a bus route. about half your costs are the bus driver. The most expensive bus is still only 1/3rd of your hourly cost of running the bus. If a more expensive bus is more reliable that could more than make up for a more expensive bus (I don't have any numbers to do math on though).

Half the costs of running a bus route are the driver's labor. The other half needs to pay for maintenance, the cost of the bus, and all the other overhead.

I'm hearing you say we should have self-driving buses... which is feasible since their route is fixed.

e: after looking at the numbers again, i was wrong.

The market clearing wage only applies in economic textbooks, in a perfectly competitive market with balanced supply and demand. The US public transportation sector has major supply/demand imbalances and is a regulated market.

Also the median weekly wage in the US is currently $1196 a week (https://www.bls.gov/news.release/pdf/wkyeng.pdf)

Seattle is currently paying bus drivers $31.39 an hour, 40x = $1256 (https://kingcounty.gov/en/dept/metro/about/careers/drive-for...). And I'm sure the pay is less in less affluent/dense US cities.

It's not exactly apples to apples because the bls figure is nationwide and doesn't include healthcare benefits, and king county metro may have better than average healthcare, but at least ballparking this: No, public bus drivers are not paid "well above" the median wage

Edit: I found this listing on indeed for greyhound bus drivers (the closest comparison I could think of in the private sector) and starting rate is $28-$31 in Seattle (https://www.indeed.com/m/viewjob?jk=2516c81006044ec8).