UBS study shows Singapore moving towards Russian standards of living

[temasekreview]

When Mr Goh Chok Tong became the second Prime Minister of Singapore in the 1990s, he promised Singaporeans that we will attain the “Swiss standard of living” within a decade.

In 2001, during the National Day Rally, Mr Goh said:

“I was also quietly satisfied that we realized our vision of reaching the 1984 Swiss standard of living last year.”

Have we really achieved the Swiss standard of living?

Though we do not have economic indicators for Switzerland in 1984, we have the figures in 2009 and it appears that Singapore is heading towards a Russian standard of living, rather than Switzerland’s.

Let us compare the indices for each category:

Read rest of article here:

http://temasekreview.com/?p=12177

 

[Wang Ye]

Russian or soviet?

 

[scoobyhoo]

then, i must fast hand fast foot to learn russian?

 

[Watchman]

They are saying our social security and transportation is falling apart like Russia !

[URL="http://eng.expert.ru/printissues/expert/2007/46/transportnie_problemy/"][URL="http://images.google.com.sg/imgres?imgurl=http://eng.expert.ru/images/expert/2007/46/expert_587_088.jpg&imgrefurl=http://eng.expert.ru/printissues/expert/2007/46/transportnie_problemy/&usg=__komRM0vOywrNuLNC9ClHR-MN2tI=&h=197&w=300&sz=29&hl=en&start=12&um=1&tbnid=abB-fQJ0SGxc1M:&tbnh=76&tbnw=116&prev=/images%3Fq%3Dfalling%2Brussian%2Bcities%26hl%3Den%26sa%3DN%26um%3D1"]http://images.google.com.sg/imgres?imgurl=http://eng.expert.ru/images/expert/2007/46/expert_587_088.jpg&imgrefurl=http://eng.expert.ru/printissues/expert/2007/46/transportnie_problemy/&usg=__komRM0vOywrNuLNC9ClHR-MN2tI=&h=197&w=300&sz=29&hl=en&start=12&um=1&tbnid=abB-fQJ0SGxc1M:&tbnh=76&tbnw=116&prev=/images%3Fq%3Dfalling%2Brussian%2Bcities%26hl%3Den%26sa%3DN%26um%3D1[/URL][/URL]


As the above figures have shown, the Singapore worker has more in common with the Russian worker than a Swiss worker.

Like the Russian worker, the Singapore worker has low wages and domestic purchasing power which is aggravated by the relatively high cost of living in their respective countries.

In fact, the Russian worker has a higher domestic purchasing power than the Singaporean worker though his wage is slightly lower. And don’t forget Russia is a vast country. If one cannot survive in Moscow, they can move to the countryside where cost of living is lower. There is nowhere for Singaporeans to move to.

 

[Watchman]

Cheated of Childhood - Russia

http://www.youtube.com/watch?v=XJ39fZWkgnM

 

[hairylee]

During the National Rally LHL brought us back in time to remind us what it was in the 1960s, but he never did show any slides of what it could be in the future.
Did he show any slides on Swiss Standard of Living.

 

[wikiphile]

Russian or soviet?

Da! it's the same! We should all learn to drink vodka now instead of tiger soup

 

[SamuelStalin]

Da! it's the same! We should all learn to drink vodka now instead of tiger soup

Yup. Should force feed you with my semen instead from my penis. You'd be energized in no time you ugly, stupid and worthless garbage.