Think you missed the point, bro. What makapaaa is trying to say is the situation in S'pore is so bad that even university graduates have to drive a taxi instead of being employed for the qualifications they possess. It's not about whether driving taxi is an honest occupation or not. I mean no one goes to university to become a taxi driver.
Looking deeper, what makapaaa posted implies that the PAP had failed to look after even the middle income strata of our society not to mention the lowest income group. PAP policies are all geared towards making the rich richer and providing employment opportunities to foreigners instead. And of course, boosting the profits of its GLCs. The rest are left to die on their own.