It has confirmed my suspicion all along that the workers and drivers in SMRT have been short-changed by the management/Directors by allocating vastly disproportionate sharing of the increase in profits over the years. Director has increased their own fees by a whopping 970% over 11 years while the workers and drivers were given a mere 67% increment. These are derived from the costings found in the annual reports.
Fruits of earnings of any cooperation should be fairly distributed among the workers, management/directors and the capitalists/investors. The percentage of increment should not vary too much else the income gap or disparity will be widen substantially over time. If this is not kept in check, the whole system may just collapse and chaos may reign.
|Total number of employees in SMRT group|