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The Gig Economy Maths Nobody Puts in the Ad

The Gig Economy Maths Nobody Puts in the Ad

The platform says you can earn RM3,000 a month. You can. The question is what it costs you to do it, and what you are not building while you do.

The recruitment ad says you can earn up to RM5,000 a month driving for the platform. Some drivers do. Most earn somewhere between RM2,500 and RM3,500 putting in a full working week.

Take RM3,000 as the working number. Then do the maths the ad does not do for you.

The first deduction is petrol. An active Grab driver in Kuala Lumpur covers roughly 3,000 kilometres a month, a conservative estimate for someone working consistent hours. At typical city fuel consumption of 12 litres per 100 kilometres, that is 360 litres. At RM1.99 per litre for RON95, you are spending approximately RM717 on petrol every month.

Your car is also being used at rates it was not designed for. Service intervals come faster. Tyres wear quicker. Brake pads need replacing sooner. Budget RM150 a month for maintenance, less than many drivers actually spend, but defensible as an average.

Then there is depreciation. Every kilometre you drive is kilometres off the life of your vehicle. A Perodua Myvi depreciates at roughly RM400 to RM500 per month when used at gig-economy intensity. Your car is a business asset being consumed. That cost is real even if it does not appear as a monthly bill.

RM3,000 minus RM717 minus RM150 minus RM450 is RM1,683.

That is what you are actually earning.

But the cost that does not show up in any of these calculations, the one that matters most over time, is what you are not getting.

A salaried employee earning RM3,000 receives an additional RM390 per month from their employer into EPF, without any reduction to their take-home pay. They receive SOCSO coverage. They receive EIS eligibility. They receive paid sick leave. They receive paid annual leave.

A gig worker receives none of this.

The RM390 monthly EPF employer contribution alone is RM4,680 a year that a salaried worker at the same gross income receives automatically. Over a ten-year career, that compounds into something significant.

None of this makes driving for the platform a bad choice. For some people, the flexibility is worth the tradeoff. For others, it is a bridge between jobs or a second income.

But it is not RM3,000 a month. It is RM1,683, plus whatever value you assign to the retirement savings you are not building.

The platform earns from your time. It does not carry your costs.