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k1976

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Singapore

Grab, Gojek drivers say they are earning less; Grab says the income dip is 'seasonal'​

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Singapore

Grab, Gojek drivers say they are earning less; Grab says the income dip is 'seasonal'​

Demand for private-hire rides is expected to rise later this year with high-profile events such as the Formula 1 race, says Grab.
Grab, Gojek drivers say they are earning less; Grab says the income dip is 'seasonal'

File photo of a Grab driver. (Photo: TODAY)

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Justin Ong Guang-Xi
Justin Ong Guang-Xi
26 Aug 2024 06:00AM (Updated: 26 Aug 2024 02:18PM)
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SINGAPORE: Grab and Gojek drivers have noticed a dip in their incomes over the past six months, but Grab, the largest ride-hailing firm here, said this is seasonal.
Mr Lee Chin Chye, 56, used to make S$300 to S$500 (US$230 to US$380) driving 10 hours a day. This started declining about six months ago and he now makes about 10 per cent less, even though he drives the same number of hours.
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He blames this on lower fares on the Grab platform.
“Competition (among the platforms) has a lot to do with it, the falling demand from passengers also has to do with it,” said Mr Lee, who only takes bookings on Grab.
CNA spoke to eight private-hire drivers, and all who use Grab or Gojek said fares are now lower and their incomes have in turn fallen. Three drivers who have not seen a decline operate only on TADA, known for its zero-commission model.
Neither Grab nor Gojek answered CNA's queries about whether they have reduced their fares.
Grab is the dominant player among five main ride-hailing firms in Singapore, with 50.2 per cent market share in 2022, according to data platform Measurable AI. This is followed by Gojek with 17.7 per cent, ComfortDelGro with 15.1 per cent and TADA with 11.1 per cent. Ryde is the smallest player with 5.9 per cent.
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The falling income is a growing concern, especially for younger drivers or those with financial liabilities, drivers said.
A 31-year-old Gojek driver, who did not want to be named, said the 10 per cent hit to his earnings has been "tough" to take but he has no plans to quit.
He lost his previous job due to a workplace injury and has been a private-hire driver for five years to support his five children.
Another driver with loans to pay and a five-year-old child to feed is Grab driver Mr Lee, who did not want to give his full name.
His income has fallen by about 20 per cent over the past six months. While he used to earn about S$300 a day for 10 hours of work, he now earns around S$250.
“I have to cut down on travel, eating at restaurants. The prices (of goods) are all going up but (my income) seems to be going down,” said the 56-year-old. “Sometimes, once a month, it happens that I have to take a personal loan to sustain (my expenses) for a while.”
 

millim6868

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Many sinkies still blur many are here getting jobs, sinkies prepare to be jobless ,or go for cleaners ,security guard jobs ,lol,
 
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