Monday, May 31, 2010

1st World Country, 3rd World Wage Structure





1st World Country, 3rd World Wage Structure?
"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
tiny
compared with their counterparts' share in those countries.


many people have asked: how come we have economic growth of 10%, but we cannot feel the goodness?
where all the money have gone to?

we knew that 80% of the company profit goes to 20% of the top management whilst 20% of the rest is for 80% of the workers.

so, we can see the clearer picture from here.
we the workers worked like shit, had minimum increments over the past few years.
our CPF cut when there is a crisis and when good times have come, it is the same as ever.

For years, companies have creamed off a larger share of economic gains.


it really make us feel bad when you know the truth.

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