Increasing the Price of Transportation
SMRT and SBS wanted to increase the price of their fares a few weeks ago. This has caused uproar amongst the members of the public. The cost of living in Singapore is already very high, and transportation fees for adults are not cheap either. This isn’t fair to the public. However, there are advantages for them to increase the price of transportation fares.
SMRT and SBS wanted to increase the price of their fares a few weeks ago. This has caused uproar amongst the members of the public. The cost of living in Singapore is already very high, and transportation fees for adults are not cheap either. This isn’t fair to the public. However, there are advantages for them to increase the price of transportation fares.
In order to increase the transportation fares, SMRT and SBS have to apply to the government. As a private organisation, the goal for SMRT and SBS is to reap as much profits as possible. One way is to increase the transportation fares. However, the government would only approve of the increase if they the public is satisfied. To satisfy the public, SMRT and SBS have to improve their services in to win the public’s favour and “silence the majority”. In such a scenario, it is a win-win situation. Both parties benefit.
Train services and bus services are forms of public transport. They should be cheap and make travelling within the country easier. However, train and bus services are run by private companies. One can never have the best of both worlds. If the fares for train and bus services are very cheap, there is no reason for SMRT and SBS to work so hard to improve their services as their profits still remain low. As a result, the conditions of the train and frequency would not be has good, and passengers would suffer. However, if the fares for train and bus services are high, the private organisations would strive to keep their passengers happy lest they demand for a decrease in price. In the end, service is good and everyone is happy.
We cannot blame SMRT and SBS for wanting to increase the price of transportation fares as they are private organisations. Private organisations want to earn as much profits as possible. That is where the government comes into play. The government acts as the voice of the public, disapproving of the increase in price if the public is unhappy. If the government doesn’t disapprove of the increase when the public is unhappy, the government would lose the support of its people in the next election. There are other areas SMRT and SBS can earn revenue from like advertisements. They can increase the price of advertisements as doing so does not affect the general public but only companies. This would keep everyone happy.