Number of taxi, private-hire drivers grew ‘much faster’ than ridership, resulting in lower earnings: Amy Khor

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Number of taxi, private-hire drivers grew ‘much faster’ than ridership, resulting in lower earnings: Amy Khor - Channel News Asia

Quick Summary:

Some drivers have seen an over 30 per cent fall in earnings in the past six months, said Member of Parliament Desmond Choo.

Conversely, when there is excess supply of drivers, fares will drop and some drivers may decide to exit the market," she added.

Grab and Gojek drivers said they noticed a dip in their incomes over the past six months, citing factors such as a fall in the number of passengers, as well as an increase in competition from other platforms.