400,000 earn less than a month’s childcare fee

[makapaaa]

[h=1]400,000 EARN LESS THAN A MONTH’S CHILDCARE FEE[/h]
<!-- /.block --> <style>.node-article .field-name-link-line-above-tags{float: right;}.node-article .field-name-ad-box-in-article {float: left;margin: 15px 15px 10px 0;}.node-article .field-tags{clear: both;}</style> Post date:
24 Sep 2014 - 4:56pm





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When we read a facebook post showing the increase in childcare fees’ schedule of one of Singapore’s largest childcare operators – the first thought that came to our mind was how affordable is it for middle income families?
Childcare fees increase
The full-day childcare fee will increase from next year, from $1,310.75 to $1,342.85.
Middle-income family pays $733 after subsidies?
According to childcarelink’s web site – a family with household income of $3,501 (income range $3,501 to $4,000) would have to pay a net fee of $732.85 ($1,342.85 less $300 basic subsidy less $310 additional subsidy).
How affordable?
How affordable is this for a family of 3 with gross household income of $3,501 ($2,800.80 after employee 20% CPF contribution)?
Increase subsidy, increase fees?
What’s the point of increasing the subsidy for childcare fees, when the fees increase such that even middle income families may find it a stretch to pay the net fees?
416,500 workers earn less than $1,500?



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In this connection, according to the Yearbook of Manpower Statistics 2014 released on 30 June 2014 – there were 44,300 residents earning (gross monthly income from work excluding employer CPF contribution) less than $500, 207,100 earning less than $1,000, and 416,900 earning less than $1,500.
400,000 earn less than a month’s childcare fees?
So, to put the childcare fees increase in perspective – does it mean that about 400,000 people may earn less than or around the monthly childcare fee of $1,342.85?
What kind of a country have we become, such that about 20% of the total workforce earns just as much as a month’s childcare fees in a basic childcare centre?
PRs and foreigners pay more?
Since the additional subsidy only applies for Singaporeans – the burden on lower and middle income permanent residents (PRs) and foreigners may be even greater.
S Y Lee and Leong Sze Hian
P.S. Come with your family and friends to the 4th Return Our CPF protest on 27 September 4 pm at Speakers’ Corner https://www.facebook.com/events/516436478486589/

 

[Leongsam]

They'll have to figure out how to earn more.

 

[frenchbriefs]

voting PAP out would be the first step.

Out damned spot!!!!!Out i say!!!Hell is mocking!!-macbeth

 

[Leongsam]

voting PAP out would be the first step.

Out damned spot!!!!!Out i say!!!Hell is mocking!!-macbeth

If the PAP was voted out, salaries would go down.

 

[winnipegjets]

They'll have to figure out how to earn more.

Every sinkee should be given $18k with clawback based on income.

 

[winnipegjets]

If the PAP was voted out, salaries would go down.

You got it all wrong. More jobs for sinkees, PMET won't need to become taxi drivers. Salaries will go up.

 

[Leongsam]

You got it all wrong. More jobs for sinkees, PMET won't need to become taxi drivers. Salaries will go up.

Without the PAP, the economy will go downhill rapidly, businesses will move elsewhere and there will be far fewer jobs to go round. The economy will tank and the end result will be far higher unemployment and a reduction of wages across the board.

 

[halsey02]

If the PAP was voted out, salaries would go down.

Like you have said, people will have to figure out to earn more to pay for the fees, you cut your 'clothes according to your cloth'. The world does not evolve around the PAP, before them, people were still surviving. People will survive, in any government & in any system, especially the CHINESE.

 

[soIsee]

But it is exactly the Chinks that are doing themselves in right now.

Being economic sluts they are, they are trying to profit from every conceivable means and no less are these whole bunch of Chinks are led by a Chinky gov!

For the m&ds, they will say " Relax lah'! LoL