Four more taxi companies are following ComfortDelgro’s fare hike and this leaves only one company not doing so, Prime Taxis. It has just announced that it will follow suit. And the taxi drivers knew that they are going to suffer a loss in income for doing so and they die die must increase.
See the wonderful logic of Sinkie taxi drivers. They don’t care about their income and don’t care if passengers would refuse to take taxis. They just have to raise their fares. But now, with all raising their fares, what choice have the sheep got. This is perfect free market at play. It is all market forces.
Why huh? Very difficult to understand their thinking. I don’t think anyone is putting a knife at their throats. The fare hike is definitely voluntary and no collusion or else CCS will come after them for anti competition. It is like volunteering for a pay cut.
What a great sacrifice. Taxi drivers are taking pay cuts by hiking their fares. It is like telling the passengers we don’t need more fares. We will raise fares knowing that income will be lower. There must be some goodness out of this act. It cannot be all bad and the taxi drivers all daft to go ahead. What is the goodness of it all?