The BIG Breakdown or Meltdown
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I still say the same thing: I believe in a country, there should be public funding for basic infrastructure and these should not be privatised for the benefit of all citizens (including the lower income group). Basic infrastructure should include healthcare, transportation, utilities, education, etc. Once privatised, these will become profit making commercial entities over time and there will be rising cost of living which can make it out-of-reach for the lower income group.
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http://www.youtube.com/watch?v=cOeopY9cSi8
:rotflmao: -
http://sg.finance.yahoo.com/news/-Train-disruptions-yahoofinancesgwp-4224888186.html?x=0
Salary so high.
What's the salary of other train service CEO in other city/country?
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It’s easy to make Saw the scapegoat. She is only doing what she needs to do to turn in a PROFIT. Her remuneration is not computed against citizen satisfaction. It is computed against PROFITS. This stimulates many decisions and behaviors to MAXIMISE PROFITS.
The real issue is that transport SHOULD NOT BE profit-making. It should be a cost-recovery model. -
Chenonceau:
Very true. And when emphasis is on profits, cost cutting takes place. So they get untrained staff and worse, lack of staff. In a panic situation, the last thing you want to encounter is brash SMRT staff. The staff should be caring, reassuring and friendly.It's easy to make Saw the scapegoat. She is only doing what she needs to do to turn in a PROFIT. Her remuneration is not computed against citizen satisfaction. It is computed against PROFITS. This stimulates many decisions and behaviors to MAXIMISE PROFITS.
The real issue is that transport SHOULD NOT BE profit-making. It should be a cost-recovery model.
With the unhappiness over crowded MRTs, the trains have to increase frequency thus overwork the trains w/o proper stress testing. Too crowded with no planning and coordination of public transport, housing and infrastructure, leading to social problems, overworked trains, high cost of living etc. -
Snow Crystal:
:hi5:
Very true. And when emphasis is on profits, cost cutting takes place. So they get untrained staff and worse, lack of staff. In a panic situation, the last thing you want to encounter is brash SMRT staff. The staff should be caring, reassuring and friendly.Chenonceau:
It's easy to make Saw the scapegoat. She is only doing what she needs to do to turn in a PROFIT. Her remuneration is not computed against citizen satisfaction. It is computed against PROFITS. This stimulates many decisions and behaviors to MAXIMISE PROFITS.
The real issue is that transport SHOULD NOT BE profit-making. It should be a cost-recovery model.
With the unhappiness over crowded MRTs, the trains have to increase frequency thus overwork the trains w/o proper stress testing. Too crowded with no planning and coordination of public transport, housing and infrastructure, leading to social problems, overworked trains, high cost of living etc. -
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Latest: The CEO has stated that she will not resign. She claimed that she cannot just leave when there are so many issues that need to be ironed out.
Good! Solve the problems then leave. :rahrah: -
Lilac66:
If she can/could solve the problems, we won't be seeing problems todayLatest: The CEO has stated that she will not resign. She claimed that she cannot just leave when there are so many issues that need to be ironed out.
Good! Solve the problems then leave. :rahrah:
from one Metro to another metro, sigh! -
Straits Times reported...
\"Under her leadership, SMRT's net profit grew from $56.8 million in 2002 to $161.1 million this year. Rail ridership has also gone up, averaging a combined 1.79 million a day in September.\"
Profits can be increased by raising prices and
(1) enslaving the market
(2) feeding the slaves less
SMRT enslaved the market by taking away bus frequency along parallel routes so as to ensure packed buses when a bus DOES make the route. These long waits discourage people from taking the bus in favour of MRT. At one time, they wanted to take away long haul buses. Had they succeeded, more people would have chosen to take MRT instead. http://openkitchenconcept.blogspot.com/2011/12/transportation-woes.html. Our transport system has very little redundant routes to give commuters viable alternatives, and taxi fares keep going up. All this, plus the added fact that Singapore's population has gone up very fast in a short time, means that more people will take the MRT.
No wonder ridership went up.
SMRT can feed the slaves less (figuratively) by cutting back on maintenance efforts as well as by refusing to spend on more trains. We do know that it has refused to spend on new trains (new tracks too?) even though our population has gone up by A LOT.
All these push up PROFIT. This CEO was told to push up PROFIT. She is only doing what she needs to do to push up PROFIT. A profit-making monopoly doesn't get more efficient. The monopoly maintains its inefficiency. It merely learns to EXPLOIT in order to generate profits.
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