The Great Salary "substantial cut"

[Confuseous]

With skillful manipulation, the commission has sold the recommended pay cuts as “substantial” and “the biggest cut since 1994″. According to the recomendationst the PM’s pay will fall from S$3.3 million to $2.2 million. Ministers will take home 37% less – a cool S$1.1 million on average when the rate is applied. Nevertheless, the media and the commission has failed to point out that despite the drop, cabinet salaries remain higher than those set between 1995 -2007. Ministers are paid around the same as pre-2007 levels, while the PM will still earn more than what he received pre-2007. The language used to sell the cut sounds just like a supermarket’s advertised “Price Drop” (ie. you raise the price of an item – say $0.90 to $1.50 for a period of a year or so, and bring it back down to $1.10 during Christmas and advertise that as a price drop).

- http://dlzj.wordpress.com/2012/01/04/the-great-pay-drop/