"Subway workers now make an average of $170,000 annually in salary, overtime and benefits, according to a Times analysis of data compiled by the federal Department of Transportation. That is far more than in any other American transit system; the average in cities like Boston, Chicago, Los Angeles and Washington is about $100,000 in total compensation annually.
The pay for managers is even more extraordinary. The nearly 2,500 people who work in New York subway administration make, on average, $280,000 in salary, overtime and benefits. The average elsewhere is $115,000."
Why are we paying these employees such an insane amount of money relative to our peers? Political failure[3]. Due to the Triborough Amendment clause of the Taylor Law, anytime negotiations with the union fall through, the terms of the previous contract continue. Thus, the Transit Workers Union (TWU) have no incentive to negotiate in good faith. They can't strike, but they still get a pretty sweet deal.
The solution to this starts at the top. We need to vote out our current corrupt (or at the very least, easily cowed) government and put in place people who will make this a priority and not be completely beholden to special interests.
[1] http://www.nydailynews.com/news/politics/mta-wrote-4-9m-chec...
[2] https://www.nytimes.com/2017/11/18/nyregion/new-york-subway-...
[3] https://en.wikipedia.org/wiki/Taylor_Law#Criticism_and_refor...