SG Live Bet
SG Tipster
Page 1 of 2 12 LastLast
Results 1 to 20 of 35

Thread: Labour chief fail to keep wage rise abreast of inflation

  1. #1
    Join Date
    Oct 2008
    Posts
    857
    My Reputation Points: 204 / Power: 6

    Default Labour chief fail to keep wage rise abreast of inflation

    The Straits Times
    The Straits Times
    Published on Apr 28, 2012

    Printed from straitstimes.com

    Wages must rise faster with higher living costs: Minister
    Slow down income gap growth: Swee Say

    By Janice Heng

    The higher cost of living means that wages must go up faster, said labour chief Lim Swee Say on Friday.

    The widening of the income gap must also be slowed down, added the National Trades Union Congress (NTUC) secretary-general in a message ahead of the labour movement's celebrations on May Day on Tuesday.

    Inflation hit a high of 5.2 per cent last month, after staying at more than 4 per cent in the first two months of the year.

    In his message, Mr Lim also set out the challenges - old and new - which Singapore faces.
    Copyright © 2011 Singapore Press Holdings. All rights reserved.
    this is the end... the end my friend

  2. #2
    Join Date
    Oct 2008
    Posts
    857
    My Reputation Points: 204 / Power: 6

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    In 1973,

    a 4 room flat (92 sq m) is $15.5K
    a plate of chicken rice is 70 cents.
    a fresh poly grad pay is $400 pm.
    a minister pay is 3-4k pm, about 40K per year.

    In 2012

    same flat is $300K. (19x)
    chicken rice $3.00 (4x)
    salary poly grad $1.4 to $1.8K pm (4.5x)
    minister pay say $1 m per year (25x)

    Rightfully accounted for inflation

    a 4 room flat should cost $139500 with 2 incomes to service the mortgage, since wages went up 4.5 times
    a minister pay should be no more than $200,000

    Prices in circa 2000-2005 was in sync with wage rise after adjustment for inflation
    Prices after circa 2008 is out of sync with wage rise after adjustment for inflation
    this is the end... the end my friend

  3. #3
    Join Date
    Sep 2011
    Posts
    7,814
    My Reputation Points: 1573 / Power: 6

    Default

    Good collection of statistics.

  4. #4
    Join Date
    Jun 2011
    Location
    Copacabana
    Posts
    11,284
    My Reputation Points: 4415 / Power: 13

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    The higher cost of living means that wages must go up faster, said labour chief Lim Swee Say on Friday.

    The widening of the income gap must also be slowed down, added the National Trades Union Congress (NTUC) secretary-general in a message ahead of the labour movement's celebrations on May Day on Tuesday

    No Action Talk Only

    NTUC : NEVER TRUST UNION CUNTS

  5. #5
    Join Date
    Jul 2008
    Posts
    13,186
    My Reputation Points: 4567 / Power: 17

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Quote Originally Posted by Fook Seng View Post
    Good collection of statistics.
    a comparison of the price for the 4room flat is nothing conclusive, should factor in the floor area of those built in the 70s vs those built right now.
    or go by the comparison of psf pricing.
    i am an ordinary sinkie sheep!!!

  6. #6
    Join Date
    Feb 2009
    Posts
    7,714
    My Reputation Points: 681 / Power: 7

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Workers have to search their hearts and conscience whether this Ah Suay and the PAP is doing them any good.

  7. #7
    Join Date
    Oct 2008
    Posts
    857
    My Reputation Points: 204 / Power: 6

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Quote Originally Posted by zhihau View Post
    a comparison of the price for the 4room flat is nothing conclusive, should factor in the floor area of those built in the 70s vs those built right now.
    or go by the comparison of psf pricing.
    that is why I used the 4 room in 1973 cos it's 92 sqm. 80s 4 room flat is 103 sqm. 90s 4 room can as large as 115 sqm. Current 4 room shrunk to 90 sqm.
    this is the end... the end my friend

  8. #8
    Join Date
    Aug 2008
    Posts
    5,912
    My Reputation Points: 761 / Power: 8

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Quote Originally Posted by theDoors View Post
    The Straits Times
    The Straits Times
    Published on Apr 28, 2012

    Wages must rise faster with higher living costs: Minister
    Slow down income gap growth: Swee Say

    By Janice Heng

    The higher cost of living means that wages must go up faster, said labour chief Lim Swee Say on Friday.

    The widening of the income gap must also be slowed down, added the National Trades Union Congress (NTUC) secretary-general in a message ahead of the labour movement's celebrations on May Day on Tuesday.

    .
    Ya, I heard that 10 years ago and before election last year, he urged people to be cheaper, better and faster. Next election, he will say the same thing. *yawn*

  9. #9
    Join Date
    Aug 2008
    Location
    Timbuktu
    Posts
    23,559
    My Reputation Points: 2358 / Power: 13

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Quote Originally Posted by myfoot123 View Post
    Ya, I heard that 10 years ago and before election last year, he urged people to be cheaper, better and faster. Next election, he will say the same thing. *yawn*
    Can you imagine, the people are voting years after years, especially the SINgpore workers, to see their ability to put a roof over their heads & food on the table eroding & is happy to be in debts by high cost of living, consumption & housing!

    That is how the workers are taken care of these days...but we are just LOVING It! the 60% that is!

  10. #10
    Join Date
    Nov 2011
    Posts
    1,425
    My Reputation Points: 350 / Power: 3

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Quote Originally Posted by theDoors View Post
    The Straits Times
    The Straits Times
    Published on Apr 28, 2012

    Printed from straitstimes.com

    Wages must rise faster with higher living costs: Minister
    Slow down income gap growth: Swee Say

    By Janice Heng

    The higher cost of living means that wages must go up faster, said labour chief Lim Swee Say on Friday.

    The widening of the income gap must also be slowed down, added the National Trades Union Congress (NTUC) secretary-general in a message ahead of the labour movement's celebrations on May Day on Tuesday.

    Inflation hit a high of 5.2 per cent last month, after staying at more than 4 per cent in the first two months of the year.

    In his message, Mr Lim also set out the challenges - old and new - which Singapore faces.
    Copyright © 2011 Singapore Press Holdings. All rights reserved.
    These are absolutely redundant statements to make. Who doesn't know that wages must go up faster and widening of income gap also be slowed down. Coming from a Minister who is paid millions! Even the kopi ah hia at the neighborhood coffee shop know this. The role of a Minister is not to tell the people what they already know. In fact these are what the people have been telling the govt for ages. And now he come and tell these back to us. The role of a Minister is to find the solutions to these issues. And the bloody ST splashed it out as a headline news. S'pore can only be rescued if the 60% wake up and show more balls.

  11. #11
    Join Date
    Aug 2008
    Posts
    1,885
    My Reputation Points: 207 / Power: 0

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Quote Originally Posted by theDoors View Post
    In 1973,
    a 4 room flat (92 sq m) is $15.5K

    In 2012
    same flat is $300K. (19x)
    4 room flat is now $400-$450k liao ...

    if $300k, many buyers will q all the way to JB..

  12. #12
    Join Date
    Jan 2009
    Posts
    15
    My Reputation Points: 7 / Power: 0

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Well, they should come up with a better plan.

  13. #13
    Join Date
    Jul 2008
    Posts
    2,914
    My Reputation Points: 368 / Power: 7

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    This fake union chief clown has been regurgitating "recycled" slogans every year.
    I mean we are paying millions per year to a joker to recite "recycled" statements n that' s it ?
    All bullshit n no action ?

  14. #14
    Join Date
    Jul 2008
    Posts
    13,186
    My Reputation Points: 4567 / Power: 17

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Quote Originally Posted by theDoors View Post
    that is why I used the 4 room in 1973 cos it's 92 sqm. 80s 4 room flat is 103 sqm. 90s 4 room can as large as 115 sqm. Current 4 room shrunk to 90 sqm.
    ooo... thanks for the correction, bro

    looks like we've gone from the third world to the first world and back?
    i am an ordinary sinkie sheep!!!

  15. #15
    Join Date
    Mar 2012
    Posts
    7,751
    My Reputation Points: 335 / Power: 3

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    If the workers want higher wages, upgrade or be more productive.
    Thats all.

  16. #16
    Join Date
    Jun 2011
    Location
    Copacabana
    Posts
    11,284
    My Reputation Points: 4415 / Power: 13

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Quote Originally Posted by Kinana View Post
    If the workers want higher wages, upgrade or be more productive.
    Thats all.
    How much pay increase will these workers received if they upgrade their skills? A raise of a paltry $50 or $100 more?

  17. #17
    Join Date
    Aug 2008
    Posts
    1,517
    My Reputation Points: 825 / Power: 8

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Like I said earlier: the rich and the well connected will get richer and the remaining 95% of the population will get poorer.

    Geed and the greed management, and their cronies are kept in the establishment to defend the special reward distribution system for the top pigs.

  18. #18
    Join Date
    Feb 2012
    Posts
    302
    My Reputation Points: 33 / Power: 0

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    wage rise? wait long long la.

  19. #19
    Join Date
    Mar 2012
    Posts
    7,751
    My Reputation Points: 335 / Power: 3

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Quote Originally Posted by zeddy View Post
    How much pay increase will these workers received if they upgrade their skills? A raise of a paltry $50 or $100 more?

    It depends on how much upgrade I skill or productivity. Some upgraded till they become bosses themselves

  20. #20
    Join Date
    Aug 2008
    Posts
    5,912
    My Reputation Points: 761 / Power: 8

    Default Re: Labour chief fail to keep wage rise abreast of inflation

    Quote Originally Posted by zeddy View Post
    No Action Talk Only

    NTUC : NEVER TRUST UNION CUNTS
    When he has his master's cock in his mouth, that is what you get from the labour (or employer) chief. Still never forget when he argued against inflating wages before the last election. He said inflating wages is a risky move. See his 360 degree turn of view after Lim Chong Ya's speak out. This goes to show that Lim Swee Say has no opinion of his own. He simply passed his time as daft labour chief with full of words and no actions, every month he just watched his CPF statements getting more figures added on.
    Last edited by myfoot123; 29-04-2012 at 08:52 AM.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 0
    Last Post: 15-10-2010, 11:59 PM
  2. Who to retrench first - PM vs Labour Chief?!
    By Porfirio Rubirosa in forum Political Issues [no rep deductions]
    Replies: 1
    Last Post: 12-12-2008, 07:09 AM
  3. Does the labour chief know labour laws?
    By Ramseth in forum Political Issues [no rep deductions]
    Replies: 0
    Last Post: 20-11-2008, 04:31 AM
  4. I am disappointed with the Labour Chief
    By Summerbee in forum The Courtyard Café
    Replies: 18
    Last Post: 15-11-2008, 09:07 AM
  5. Aiyah,you got beleive Labour Chief?
    By Nice-Gook in forum The Courtyard Café
    Replies: 0
    Last Post: 15-11-2008, 06:03 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •