Wow! After increasing their salaries by up to 60% earlier this year, you would think they would be satisfied. Hell no! According to this news report, they are planning another bonus in 2008! My PM is already getting paid 5 times whatever George Bush is getting, but that means nothing to them because in “unique Singapore”, things are different and our leaders have to be paid lots of money to prevent them from becoming corrupt. Furthermore, if they do not get paid as much as the top professionals in the private sector, they might quit their posts and jeopardize our $210 billion dollar economy.
This logic does not really make sense to me. What I am getting is, if you pay them too little money, they might start thinking of doing corrupt things to make some money on the side. The solution to this problem is to pay them a lot of money. I can’t say it makes no sense, I guess you could say it does make a little sense but that does not mean it is the only way out.
The expected average salary increase for Singaporeans in 2008 is 5%. Sounds really nice. Did you know that Singapore’s inflation in 2008 is estimated at 5%? There goes your 5% pay increase!
Singaporeans have been told to “Get a sense of proportion” by Lee Kuan Yew. Don’t make a big deal about the ministers’ pay increase because it is for the good of the country to pay them loads of money to preserve what we have and improve on it.
Here’s what Lee Kuan Yew has to say about the ministers’ pay increase:
This is a preview of
Singapore Government Plans Another Pay Increase
.
Read the full post (832 words, estimated 3:20 mins reading time)