24 August 2012
Condo, wife, kids and a taxi
Fascinatingly, he was working as a Senior Engineer in an electronics manufacturing company on weekdays. Driving the taxi was his weekend job. It seemed like he already had a well paying job as a professional engineer. Why then was he driving a taxi? I've heard of professionals who had lost their jobs in times of poor economic conditions and turned to taxi driving as a last resort. But this certainly wasn't the case here.
It must be tough living such a busy lifestyle working six days a week to sustain the lifestyle that he had. But it was apparently one he had come to terms with. He seemed jovial and happy.
He had an interesting view on economics too. He said that ever since the two Integrated Resorts opened, taxi business had picked up significantly. Elaborating, he said that Singapore used to receive about 7 million visitors a year. But eversince the Integrated Resorts opened for operations, the number of tourists had increased to 10 million a year. Therefore, the demand for taxis had similar increased. Taxi drivers were therefore earning 50% more than they used to. It was quite a eureka moment for me.
I thought I already had enough surprises from this interesting gentleman. But there was more. When asked how much he could make as a two-nights-a-week taxi driver, he shared that he was making an average of $500 per weekend. And that was after deducting all his taxi operating expenses! He was making an additional $2,000 a month just driving about eight nights.
Fascinating insights from a taxi ride. What a wonderful Friday! I hope you have the opportunity of meeting this jovial Mercedes taxi driver one day too.