According to an article on Asiaone, the Transport Mini$ter Raymond Lemon Lim said:
Based on figures provided by ComfortDelGro, Singapore’s biggest taxi operator, cabbies are pocketing about $11 more a day, earning about $318.
By the most conservative calculation based on metered fare alone, fares have gone up by 8.3%. (That figure is derived by the old metered fare of 20cts every 420m then compared to only 385m now. i.e. 35/420, which is approximately 8.3%.)
However, the cabbie has only earned $11 more, netting them $318 now which means they used to earn about $307 formerly. That translates into just 3.6% increase in income. Not even a 50% increase of the 8.3% fare increase!
And that isn’t the best part yet. The cabbie needs to make about 16 trips of $20 to make that amount a day. $11 over 16 trips means each cabbie is making about 69cts a trip.
Now compared that to our PM’s pay which increased 22.5% (from $3.1 million to $3.8 million) and clearly, the fare increments are * gasp * NOT enough!
They should do more to help cabbies… increase the fares even more! And along with that perhaps now we don’t even need to wait more than a minute for a cab compared to the impressive average of 6 minutes that Lemon Lim is boasting about.
Addendum
The last cabbie I chat with told me… a Toyota Crown’s rental is about $92 a day and I heard the new Sonatas are more than $100. For an income of $318, 1/3 of that goes to pay the company renting them the cab. Now, if I am not wrong, COE prices has come down quite a bit compared to several years ago… do we see a comparative drop in rental to assist the cabbies?
So much for having done all they could to help cabbies.