Singapore 1st World Country but not 1st World Wages
For years, companies have creamed off a larger share of economic gains - larger than those in other developed countries or industrialising economies in Asia.
As a result, workers get a slice of Singapore's gross domestic product (GDP) that is considered unusually small compared with their counterparts' share in those countries.
Workers' wages account for less than half of Singapore's GDP. In contrast, wages take up more than half of GDP in developed countries.
Source: AsiaOne
Finally a report which has workers' interest at heart. I wonder if bosses are reading this article or they turn a blind eye? US wages is 58% of GDP so if we want to be world class, must follow their example mah.
But to be fair, the economy is just recovering and still a lot of uncertainties. Will you dare to be a hero and ask your boss for salary increment next month?
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1 comments:
if Singapore is like this. then i guess my country are even worse...
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