high cost of living, why?
this hawker at a hdb food court said he had to pay $10,300 a month for his rental of a noodle stall. he employs two additional staff to help him and his wife, a total of four workers to run the stall 7 days a week, 12 hours a day.assuming each worker cost $1,500 pm. the basic cost to operate a stall is $16,300, excluding ingredients. at $100 a day, it will add another $3,000 to his cost, making it about $20,000. at $3 for a bowl of noodle, in order to break even, he has to sell 6,666 bowls a month or 222 bowls daily just to break even. so every day he has to slog for the first 222 bowls before he makes his first dollar. it is simply hard work compares to what the land lord is getting. in a food court of 20 stalls, the landlord will collect a cool $200,600 a month once he has everything set up. they said it is easier to make money with money. with such high rentals, it is very difficult for the small business to thrive and make a decent living.