PM Lee: "Singapore's economy must grow for pay to go up"

[greenies]

Wealth never trickles down on its own. Economic growth is worthless if the government does not proactively take steps to bridge the income gap.

Reaganomics is a hoax... the end result is Thatcherism: you die is your own business.

The key problem is their cheap FT policy.
Which corporate CEO and top management want to pay more for sinkies while they can get loads of cheap and very obedient FTs???

 

[winnipegjets]

Salaries remain a key issue for workers, said Prime Minister Lee Hsien Loong yesterday, recounting conversations he has been having with union leaders in the lead-up to Labour Day.

But for incomes to rise, the economy must grow, Mr Lee said, making clear the centrality of economic growth which has been disputed by some who are worried about foreign workers and inequality. "Everyone would like their lives to become better and one important way of doing that is to make sure your pay goes up, especially with low-income workers. And for the pay to go up, the economy has to grow," Mr Lee said in an interview with reporters on the sidelines of the Asean Summit in Brunei.

The economy had been growing for decades ...why didn't salary go up inline with inflation? Sixth most expensive city, yet the median take-home pay is $1700!

 

[kingrant]

Spot on. Just the question on everyone's lips.

He's drumming up support to increase the pop with FTs ....again.

The economy had been growing for decades ...why didn't salary go up inline with inflation? Sixth most expensive city, yet the median take-home pay is $1700!

 

[greenies]

The economy had been growing for decades ...why didn't salary go up inline with inflation? Sixth most expensive city, yet the median take-home pay is $1700!

Too little too late for them to correct the policies, and bring back the people trust.
Since ministers are measured by paycheck scale and their peers are corporate CEOs, it is doomdays for the country.

 

[melzp]

Never believe his words. He is throwing smoke grenades.
1. Economy grow?......to sustain their pay. So, income gap widens further.
2. Pay to go up?.........alternate cheap FT to stay competitive for Co to survive.
So bosses pay themselves/shareholders first OR workers???
Workers Party ought to be LOUD in May Day; or juz by name only??