Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said that the real median wages of Singaporean workers have gone up by about 6 times since 1965.
But do you know that the actual salary of the prime minister has actually gone up by 75 times, until 2010 when the prime minister was earning $3.1 million at the highest?
Today, the richest in Singapore earn the highest salaries among the developed countries while the poorest earn one of the lowest among the developed countries.
Singapore’s income inequality is today the worse among the developed countries and poverty in Singapore is estimated to be at a high of 30%.
Median wages for Singaporeans have increased? Well, but prices have increased by several times faster, so much so that Singaporeans today have the lowest purchasing power among the developed countries, and lives have become worse off.
Want change in our lives? Let’s vote for a new government. Let’s vote for change. #HopefortheFuture