Mr Wang Says So, 6 Feb 2013
Singapore is doing much worse than I thought. An excerpt from the TODAY newspaper:
Acting Minister for Social and Family Development Chan Chun Sing gave figures to show that incomes at the bottom continue to rise but said the Government will do more to help low-income Singaporeans.0.1 per cent? That's effectively zero. Especially if you are in the bottom 20 percentile.
He was responding to Nominated MP Tan Su Shan's question on social mobility.
The real median gross monthly income for employed residents increased 1.3 per cent a year from 2002 to 2012, after rising 2.7 per cent a year from 1996 to 2002, Mr Chan said.
For the lowest 20th percentile of employed residents, their real gross monthly income rose 0.1 per cent each year from 2002 to 2012 and 2.2 per cent a year from 1996 to 2002.
Imagine if your real gross monthly income was $1,000 in 2002. Ten years later, your real gross monthly income would have risen to about $1,010 in 2012.
So after one full decade of "national progress" under the PAP government, your quality of living has increased by the value of 2 packs of toilet paper at NTUC Fairprice.
I wonder if Chan Chun Sing managed to keep a straight face, when he said in Parliament that "incomes at the bottom continue to rise". Link
