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The salary report suggests that the ministerial salaries be pegged at the “median of the top 1000 Singaporean wage earners”.
So, while the number 1000 seems like a lot, the reality is that the salary is being proposed to be pegged to the AVERAGE of the 500th and 501th top Singaporean wage earner. The number 1000 is a red herring, serving to confuse people who would have understood MEAN not MEDIAN.
The report is trying to ensure that not too many Singaporeans earn more than the ministers.or to put it another way, there would only be about 500 Singaporeans or so who could be earning more than the ministers. This is very self-serving.
Which then begs the question. Why 500? Why not 5000? Or even 50,000? Are the ministers only working for the top 500? Not the 5,000,000+ we have in Singapore?
Watch this video of DPM Teo speaking in the parliament on January 16th 2012. Quite sad really.
- http://harishpillay.wordpress.com/2012/01/17/math-101-for-ministers/
So, while the number 1000 seems like a lot, the reality is that the salary is being proposed to be pegged to the AVERAGE of the 500th and 501th top Singaporean wage earner. The number 1000 is a red herring, serving to confuse people who would have understood MEAN not MEDIAN.
The report is trying to ensure that not too many Singaporeans earn more than the ministers.or to put it another way, there would only be about 500 Singaporeans or so who could be earning more than the ministers. This is very self-serving.
Which then begs the question. Why 500? Why not 5000? Or even 50,000? Are the ministers only working for the top 500? Not the 5,000,000+ we have in Singapore?
Watch this video of DPM Teo speaking in the parliament on January 16th 2012. Quite sad really.
- http://harishpillay.wordpress.com/2012/01/17/math-101-for-ministers/
