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Thread: Should bus fares go up in order to pay for higher wages?

  1. #1
    Junior

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    Default Should bus fares go up in order to pay for higher wages?

    http://sg.news.yahoo.com/should-bus-...093418011.html

    The issue of bus drivers’ wages has been dragged into the harsh scrutiny of Singapore’s public eye following the rare two-day strike by more than 180 Chinese bus drivers working for transport operator SMRT late last month.

    Speaking for the first time on the protest, Transport Minister Lui Tuck Yew told local media on Thursday that public transport costs have risen faster than fares.

    He reportedly noted that fares have increased by 0.3 per cent over past years as compared to fuel and wage costs, which went up by 30 per cent over the same period, adding that the public transport fare review that will take place next year will need to factor in this “significant mismatch”.

    Separately, SMRT reported early last month that its net profit from its second quarter fiscal year had dipped despite earning higher revenue. Its bus transport business saw operating losses jump to $6.6 million for the period from $2.6 million the year before as basic salaries and head count rose.

    We want to know what your take on the issue is. Is raising bus fares the only way for public transport providers to pay for higher salaries, or should operators absorb the costs?

    By Jeanette Tan | Yahoo! Newsroom

  2. #2
    Property Newbie

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    if not, how to earn money leh?

    no free transport
    [B]I took the road less traveled by, and that has made all the difference.”[/B] - Robert Frost quotes (American poet, 1874-1963)

  3. #3
    Junior

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    Quote Originally Posted by irisng
    http://sg.news.yahoo.com/should-bus-...093418011.html

    The issue of bus drivers’ wages has been dragged into the harsh scrutiny of Singapore’s public eye following the rare two-day strike by more than 180 Chinese bus drivers working for transport operator SMRT late last month.

    Speaking for the first time on the protest, Transport Minister Lui Tuck Yew told local media on Thursday that public transport costs have risen faster than fares.

    He reportedly noted that fares have increased by 0.3 per cent over past years as compared to fuel and wage costs, which went up by 30 per cent over the same period, adding that the public transport fare review that will take place next year will need to factor in this “significant mismatch”.

    Separately, SMRT reported early last month that its net profit from its second quarter fiscal year had dipped despite earning higher revenue. Its bus transport business saw operating losses jump to $6.6 million for the period from $2.6 million the year before as basic salaries and head count rose.

    We want to know what your take on the issue is. Is raising bus fares the only way for public transport providers to pay for higher salaries, or should operators absorb the costs?

    By Jeanette Tan | Yahoo! Newsroom
    If there are lots of passengers taking the bus, then the increase won't be just 0.3%, it should be (No. of passengers x 0.3%), right?

  4. #4
    Senior

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    [quote=irisng]http://sg.news.yahoo.com/should-bus-...093418011.html

    The issue of bus drivers’ wages has been dragged into the harsh scrutiny of Singapore’s public eye following the rare two-day strike by more than 180 Chinese bus drivers working for transport operator SMRT late last month.

    Speaking for the first time on the protest, Transport Minister Lui Tuck Yew told local media on Thursday that public transport costs have risen faster than fares.

    He reportedly noted that fares have increased by 0.3 per cent over past years as compared to fuel and wage costs, which went up by 30 per cent over the same period, adding that the public transport fare review that will take place next year will need to factor in this “significant mismatch”.

    Separately, SMRT reported early last month that its net profit from its second quarter fiscal year had dipped despite earning higher revenue. Its bus transport business saw operating losses jump to $6.6 million for the period from $2.6 million the year before as basic salaries and head count rose.

    We want to know what your take on the issue is. Is raising bus fares the only way for public transport providers to pay for higher salaries, or should operators absorb the costs?


    if i were an MP or NMP ... i would be asking :

    cost of living in singapore has gone up some 30- 40 pct .. YET salary at most went up 10 pct ..

    shouldnt we also raise the salary ???

  5. #5
    OCR properties going to crash!

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    The problem is, they are asking for increase in bus fare paid by Singaporeans to pay for increase in salaries of bus drivers who are predominately foreigners!
    Why don't they ask employers to increase salary for all Singapore citizens to match that of inflation?
    And why don't they ask the transport companies to take less profit since enough is enough? Very rare to see transport companies making so high profit margin in the world (except Singapore?).

    [quote=proud owner]
    Quote Originally Posted by irisng
    http://sg.news.yahoo.com/should-bus-...093418011.html

    The issue of bus drivers’ wages has been dragged into the harsh scrutiny of Singapore’s public eye following the rare two-day strike by more than 180 Chinese bus drivers working for transport operator SMRT late last month.

    Speaking for the first time on the protest, Transport Minister Lui Tuck Yew told local media on Thursday that public transport costs have risen faster than fares.

    He reportedly noted that fares have increased by 0.3 per cent over past years as compared to fuel and wage costs, which went up by 30 per cent over the same period, adding that the public transport fare review that will take place next year will need to factor in this “significant mismatch”.

    Separately, SMRT reported early last month that its net profit from its second quarter fiscal year had dipped despite earning higher revenue. Its bus transport business saw operating losses jump to $6.6 million for the period from $2.6 million the year before as basic salaries and head count rose.

    We want to know what your take on the issue is. Is raising bus fares the only way for public transport providers to pay for higher salaries, or should operators absorb the costs?


    if i were an MP or NMP ... i would be asking :

    cost of living in singapore has gone up some 30- 40 pct .. YET salary at most went up 10 pct ..

    shouldnt we also raise the salary ???

  6. #6
    Junior

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    is a red herring.

  7. #7
    Senior

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    [QUOTE=teddybear]The problem is, they are asking for increase in bus fare paid by Singaporeans to pay for increase in salaries of bus drivers who are predominately foreigners!
    Why don't they ask employers to increase salary for all Singapore citizens to match that of inflation?
    And why don't they ask the transport companies to take less profit since enough is enough? Very rare to see transport companies making so high profit margin in the world (except Singapore?).


    u mean there are no Singaporean bus drivers there meh? ur is wat logic.? Sure increase so call all Singapore salary then inflation go up again lor. No end to this

  8. #8
    Senior

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    Quote Originally Posted by irisng
    http://sg.news.yahoo.com/should-bus-...093418011.html

    The issue of bus drivers’ wages has been dragged into the harsh scrutiny of Singapore’s public eye following the rare two-day strike by more than 180 Chinese bus drivers working for transport operator SMRT late last month.

    Speaking for the first time on the protest, Transport Minister Lui Tuck Yew told local media on Thursday that public transport costs have risen faster than fares.

    He reportedly noted that fares have increased by 0.3 per cent over past years as compared to fuel and wage costs, which went up by 30 per cent over the same period, adding that the public transport fare review that will take place next year will need to factor in this “significant mismatch”.

    Separately, SMRT reported early last month that its net profit from its second quarter fiscal year had dipped despite earning higher revenue. Its bus transport business saw operating losses jump to $6.6 million for the period from $2.6 million the year before as basic salaries and head count rose.

    We want to know what your take on the issue is. Is raising bus fares the only way for public transport providers to pay for higher salaries, or should operators absorb the costs?

    By Jeanette Tan | Yahoo! Newsroom

    Well u cant live on cheap labour for ever this will catch up with us eventually as the developing catchup. maybe w have to go find another country where labour is cheap..

    maybe Myanmar. But eventally the developing country will catch up again

  9. #9
    Camper

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    Quote Originally Posted by teddybear
    The problem is, they are asking for increase in bus fare paid by Singaporeans to pay for increase in salaries of bus drivers who are predominately foreigners!
    Why don't they ask employers to increase salary for all Singapore citizens to match that of inflation?
    And why don't they ask the transport companies to take less profit since enough is enough? Very rare to see transport companies making so high profit margin in the world (except Singapore?).
    Bingo! I'm disappointed with these ministers. The old guard will work for citizens. The new ones side businesses more.
    Yee ha! Did I tickle your funny bone?


  10. #10
    Music of the night

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    from TR ... not verified

    Ride at your own risk !!!

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