I decided to calculate how much we have lost as a nation in terms of productivity.
The Gross Domestic Product per capita in Singapore was last recorded at 52600.60 US dollars in 2016 for that year. From here: https://tradingeconomics.com/singapore/gdp-per-capita
Total paid hours worked per employee per week in 2015 is 45.6. From here: http://stats.mom.gov.sg/Pages/Hours-Worked-Summary-Table.aspx
There are 52 weeks in a year. So, the GDP per capita per week is 52600/52=1011USD$. In a week, an average worker works 45.6hours. Therefore, per hour the average worker is paid 1011/45.6=22USD$
Granted, I did some rounding adjustments here and there, but this is the general pay. As of now, USD$22 = SGD$29.94. For ease of calculations in future, I will take it as a worker’s average hourly pay in Singapore is SGD$30. There are of course outliers, those who earn a lot less and a lot more, and perhaps I should take the median, but I was interested in getting fast results. Plus, workers who are affected by MRT breakdowns, will affect those higher up, even those who do not use MRT.
............. How much has Singapore lost due to the MRT breakdowns this year?
SGD$4.5million x 32.25 = SGD$145.125 million
More at https://www.prolificcrap.com/forum/...has-sg-lost-due-to-the-mrt-breakdowns-this-yr
The Gross Domestic Product per capita in Singapore was last recorded at 52600.60 US dollars in 2016 for that year. From here: https://tradingeconomics.com/singapore/gdp-per-capita
Total paid hours worked per employee per week in 2015 is 45.6. From here: http://stats.mom.gov.sg/Pages/Hours-Worked-Summary-Table.aspx
There are 52 weeks in a year. So, the GDP per capita per week is 52600/52=1011USD$. In a week, an average worker works 45.6hours. Therefore, per hour the average worker is paid 1011/45.6=22USD$
Granted, I did some rounding adjustments here and there, but this is the general pay. As of now, USD$22 = SGD$29.94. For ease of calculations in future, I will take it as a worker’s average hourly pay in Singapore is SGD$30. There are of course outliers, those who earn a lot less and a lot more, and perhaps I should take the median, but I was interested in getting fast results. Plus, workers who are affected by MRT breakdowns, will affect those higher up, even those who do not use MRT.
............. How much has Singapore lost due to the MRT breakdowns this year?
SGD$4.5million x 32.25 = SGD$145.125 million
More at https://www.prolificcrap.com/forum/...has-sg-lost-due-to-the-mrt-breakdowns-this-yr