Re: Some points
"So unless your take home pay is less than $14.40/hour (60/50 * $11.20) you are losing money on the bus."
That presumes that the person can work unlimited overtime such that travel time is eating into work/earnings time. For the vast majority of us, travel times eats into personal time, not work time. I'd have been with you if you'd used a quality of life argument rather than time=money argument.