Posted by: bigtalksingapore | July 10, 2008

To combat inflation, your salary should not increase ?

Singapore government is famous for making “Painful” comment and decision for its people, but this one should be recorded down as a classic.

尚达曼:调高工资将使通膨更恶化
新传媒新闻报道,财政部长尚达曼警告,雇主如果只是为了协助员工应付高涨的生活成本而调高工资,通货膨胀将进一步恶化,这同时也削弱我国的竞争力,就业市场也会受影响。
http://www.xin.sg/article.php?article=20834

Translation: If employer increased the salary of their workers, it will lead to further inflation, reduce Singapore competitiveness and affect the employment market.

My personal opinion is as followed…

  1. When it come to helping citizens dealing with inflation vs the interest of employer and investor, government will treat citizens suffering as a lower priority.
  2. Our Ministers may be losing touch with the people, cos this come as a very insensitive comment when everyone are hurted by the inflation.
  3. Shouldn’t the ministers take the initiative to reduce their increasing million dollar salary as an example to the people to not expect salary increment ?

Cutting from xin.sg

From Today, 10 July 2008, Page 6

From Today, 14 Dec 2007, Page 2

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