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