Singapore workers earning more

Dear Straits Times,

I refer to the 1 Dec 2011 report on Singapore worker’s wage increase. Does Singapore worker refer to Singapore citizens or Singapore residents which include PRs? Should we, as a nation, be more concerned about Singapore citizen wages or Singapore resident wages?

You reported a 5.3% increase in median wages from $2,500 last year to $2,633 this year and a 1.6% increase in labour force to 2.08 million. If the increase in labour force comprise mainly new PRs earning high salaries, that would by itself bring the median income up so that part of the median wage increase comes from merely including more high salaried PRs into the computation.

You reported that a full time worker’s median income rose 8% from $2,708 last year to $2,925 this year. At the same time, HDB resale price index rose by 11.8% from second quarter last year to second quarter this year. It seems like wage increase cannot keep up with housing price increase. While wage increase is a couple of hundred dollars, HDB price increase is tens of thousands of dollars.

You reported full-timer median income ‘soared’ to $3,250 when CPF is included. Even that is only 8.3% ($250) more compared to last year which is also less than HDB price increase.

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One Response to “Singapore workers earning more”

  1. Saycheese Says:

    “HDB resale price index rose by 11.8% from second quarter last year to second quarter this year. It seems like wage increase cannot keep up with housing price increase.”

    HDB has to fulfil the prophesy LKY made when advising the new homeowner at Ghim Moh not to sell as the price will go up. The workers are lucky that NTUC affiliates were not obliged to make workers cheaper as per advise of LSS

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