Gerard Ee, Chairman, Public Transport Council, says: “The formula is very simple. It takes into account two very important factors – the Consumer Price Index and the average wage increase. Based on that, if you look at economic growth in Singapore, it has been on the uptrend, it has improved.
“If you look at the affordability factor, that has also improved, the figures have come down to 6.5 per cent. That means that of the households being tracked, about 6.5 per cent of their incomes are being spent on public transport. So based on these two factors which are prescribed by the framework, we ought not to resist awarding 1.8 percent increase in fares.”
How about those whose wages weren’t increased? Blah.2007-09-11