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stoat | July 13, 2011 Ripping off Timmy:
Laptops and mobile phones mean that at least a modicum of work can be done while travelling. So the value of time saved by fewer hours travelling should fall. In fact, we can almost certainly go further. Sitting with a laptop, a phone and a decent internet connection in a comfy seat on a train is, these days, almost as productive as being in a nice office in a comfy chair with a computer, phone and decent internet connection.
In which case the value of the reduced transport time for these very important people collapses down to almost nothing. Something which rather…