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Discussion in 'The Courtyard Café' started by BuiKia, Feb 9, 2012.
I wonder if he is thinking about Sinkies or his Ministers when saying this.
letz hope pay and pay will not still in power over the next 10 years.
he is speaking machiam pay and pay will be in power over next 10 years.
He doesn't even know what's going to happen in the next three years and he's playing fortune-teller?
Also, all the wage increase in the world will not matter if the cost of living exceeds that wage increase.
Lastly, what Pinky Loong never told you that a wage increase of 20% within the next 10 years is nothing to boast about.
Why? COMPOUND INTEREST!
Let's say you earn $2K per month. A 20% increase in 10 years means that after 10 years, you will have earned at least $2.4K, assuming it is still the same job.
That works out to around 1.84% annual wage increment! Pathetic. Don't be fooled. He may not be lying, but he's assuming that you do not know your numbers and fall for his pleasant-sounding rhetoric.
First year: $2000
After 1 year: $2036.80
After 2 years: $2074.28
After 3 years: $2112.44
After 4 years: $2151.31
After 5 years: $2190.90
After 6 years: $2231.21
After 7 years: $2272.26
After 8 years: $2314.07
After 9 years: $2356.65
After 10 years: $2400.01
10 years time... One plate of chicken rice will be $10 in a foodcourt! Things will be expensive so back to square 1...
1. the womanly emperor building sand castles in the air again!
2. what will be his worst-case scenario?
What me worry? The end of the world is already approaching, so why bother about 10 years from today, Any guarantee the PAP or himself still around?
What a joke! If our wages do not remain stagnant or become depressed further, it will be a fucking miracle!
Some of you seem to have comprehension problem. It's "Real Wage increase'. That means its income increase AFTER inflation. E.g. 2011 inflation is 5.5% to get a real income increase of 1% your increment needs to be at 6.5% hence even if chicken rice goes up to $10 in 10 years, your increase in income will more then offset the inflation
miw say one can believe? some of u are naive beyond comprehension. maybe just blind loyalty as a pap dog.
U also seem to have comprehension issue. Can u please point out where I stated I believe in this article? I was clarifying the points stated in that article. There is a huge difference between understanding and believing
Nahmah....come here and advertise cheebye loans....get people into trouble....
How to zap him har? I never do that before cos I nice guy.
Maybe for himself and his cronies
Ah Loong was thinking that was how much he had to give his two dumb sons as allowances until they can 'rightfully' sit in one of his many Ministry and take their place by his side! LOL
Bro, I already deleted the post. Can you remove the link from your quote? Thanks.
So you felt that your income REALLY did increase more than to offset inflation, as you are a balls licker?
Or is it that the ball licking has dried your tongue and numb your brains and blinded your eyes, that you cannot see most decent folks are NOT BALL LICKERS and do not feel, like you do, that their supposed increased income can handle the inflation?
Maybe you should take over Zorro Lim's post! LOL
Import more FTs to work in the food court to lower costs la.
Wage increase? It means nothing if purchasing power does not rise in tandem.
With all the loose credit sloshing around the island, combined with the low interest rates, inflation is not kept in check.
This is a drastic U-turn from earlier threats that "Singapore economy will go down if you increase your salary". So PAP feeling the pinch with pay cuts and want to get back their original salary?
Then you hire more FTs to lower your business costs and increase productivity la.
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