1. IP addresses are NOT logged in this forum so there's no point asking. Members are encouraged to install GOM or HOLA or TUNNELBEAR for an added layer of protection.

    The SEX forum is HERE so please stop asking.

Pinky: 20% wage rise in 10 years

Discussion in 'The Courtyard Café' started by BuiKia, Feb 9, 2012.

  1. BuiKia

    BuiKia Alfrescian (InfP) Old Timer

    Joined:
    Jan 18, 2010
    Messages:
    7,178
    Likes Received:
    95
    Trophy Points:
    0
    I wonder if he is thinking about Sinkies or his Ministers when saying this.


     
  2. no_faith

    no_faith Alfrescian (Inf)

    Joined:
    Jul 16, 2008
    Messages:
    6,637
    Likes Received:
    69
    Trophy Points:
    48
    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.:eek:
     
  3. laksaboy

    laksaboy Alfrescian (Inf)

    Joined:
    Aug 10, 2008
    Messages:
    33,278
    Likes Received:
    325
    Trophy Points:
    0
    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
     
  4. saratogas

    saratogas Alfrescian Old Timer

    Joined:
    Jul 15, 2008
    Messages:
    3,562
    Likes Received:
    21
    Trophy Points:
    0
    10 years time... One plate of chicken rice will be $10 in a foodcourt! Things will be expensive so back to square 1...
     
  5. streetsmart73

    streetsmart73 Alfrescian (InfP) Old Timer

    Joined:
    Jun 18, 2009
    Messages:
    11,500
    Likes Received:
    113
    Trophy Points:
    0
    hi there


    1. the womanly emperor building sand castles in the air again!
    2. what will be his worst-case scenario?
     
  6. groober2011

    groober2011 Alfrescian Old Timer

    Joined:
    Jul 27, 2011
    Messages:
    1,696
    Likes Received:
    28
    Trophy Points:
    0
    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?
     
  7. The Philistine

    The Philistine Alfrescian Old Timer

    Joined:
    May 8, 2011
    Messages:
    641
    Likes Received:
    13
    Trophy Points:
    0
    What a joke! If our wages do not remain stagnant or become depressed further, it will be a fucking miracle!
     
  8. Char_Azn

    Char_Azn Alfrescian (Inf)

    Joined:
    Aug 6, 2008
    Messages:
    4,969
    Likes Received:
    86
    Trophy Points:
    0
    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
     
  9. ssrrvv11

    ssrrvv11 Alfrescian Old Timer

    Joined:
    Aug 10, 2011
    Messages:
    609
    Likes Received:
    20
    Trophy Points:
    0
    miw say one can believe? some of u are naive beyond comprehension. maybe just blind loyalty as a pap dog.
     
  10. Char_Azn

    Char_Azn Alfrescian (Inf)

    Joined:
    Aug 6, 2008
    Messages:
    4,969
    Likes Received:
    86
    Trophy Points:
    0
    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
     
    Last edited: Feb 10, 2012
  11. BuiKia

    BuiKia Alfrescian (InfP) Old Timer

    Joined:
    Jan 18, 2010
    Messages:
    7,178
    Likes Received:
    95
    Trophy Points:
    0
    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.



     
    Last edited: Jul 18, 2012
  12. Scrooball (clone)

    Scrooball (clone) Alfrescian Old Timer

    Joined:
    Nov 25, 2011
    Messages:
    11,827
    Likes Received:
    95
    Trophy Points:
    48
    Maybe for himself and his cronies
     
  13. soIsee

    soIsee Alfrescian Old Timer

    Joined:
    Aug 13, 2008
    Messages:
    4,668
    Likes Received:
    46
    Trophy Points:
    0
    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
     
  14. Raiders

    Raiders Alfrescian (InfP) + Mod Old Timer

    Joined:
    Oct 27, 2010
    Messages:
    8,845
    Likes Received:
    292
    Trophy Points:
    0
    Bro, I already deleted the post. Can you remove the link from your quote? Thanks.
     
  15. soIsee

    soIsee Alfrescian Old Timer

    Joined:
    Aug 13, 2008
    Messages:
    4,668
    Likes Received:
    46
    Trophy Points:
    0
    Hi moron

    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
     
  16. Kinana

    Kinana Alfrescian Old Timer

    Joined:
    Mar 15, 2012
    Messages:
    7,751
    Likes Received:
    131
    Trophy Points:
    0

    Import more FTs to work in the food court to lower costs la.
     
  17. laksaboy

    laksaboy Alfrescian (Inf)

    Joined:
    Aug 10, 2008
    Messages:
    33,278
    Likes Received:
    325
    Trophy Points:
    0
    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.
     
  18. denzuko1

    denzuko1 Alfrescian Old Timer

    Joined:
    Jul 11, 2008
    Messages:
    1,454
    Likes Received:
    18
    Trophy Points:
    0
    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?
     
  19. Kinana

    Kinana Alfrescian Old Timer

    Joined:
    Mar 15, 2012
    Messages:
    7,751
    Likes Received:
    131
    Trophy Points:
    0
    Then you hire more FTs to lower your business costs and increase productivity la.
     

Share This Page