it is noted the wages for singapore has risen by 4%.
the inflation rate for 2010 is 3%.
so, we have the real wage increased by just merely 1% for our strong growth of 15% GDP.
strong GDP growth did not necessary translate higher wages.
and our wages just barely cover all the cost with just 1%.
where did all the money goes to?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment