Friday, June 3, 2011

Singapore Median Income 2: Income rises and getting poorer sametime

Singapore sees median income in SGD rises 38% from 1998 to 2010, a paltry 2.68% per annum. Denominating our median income wheat, we see our income falling by 11.4% during that period. In 1998, our income can buy us 8.9 tonnes of wheat while in 2010, we can only buy 7.9 tonnes.

The government is shameless to bragged wages increases while the people is actually worse off compared to 10 years ago.


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