household income

[hquek]

But the stats (that showed 10% earning more than 10k) was done in 2000?? I would think that since then, there would have been a marked increase in household income on the higher side.


At some point, ST kept portraying news of FRESH grads making 8K and more immediately after graduation.

[schweppes]

hquek:

At some point, ST kept portraying news of FRESH grads making 8K and more immediately after graduation.

I suspect that this is few and far in between. Most of them will start off in the $2k - $3k range, depending on their discipline.

For those earning $8k and above, they are probably the As students who work in the banking/investment/ finance sectors. They are likely to work for US or other foreign based companies.

Suspect also that whilst pay is great, it comes at a high price. Very stressful work environment and long working hours. But for individuals who can survive the system, they will go far in their career. Otherwise, they will probably quit within 5 years due to burn out :roll:

[KSP]

The media always like to publish the highest salary and hope to make everyone think that all graduates are earning that much. It is possible for those top financial companies to pay very high but the question is how many graduates can get that kind of job? Maybe only a handful of them…


Based on the general salary survey reports, the starting pay for fresh grads in Singapore is around 2.5k-3.2k. The rate of getting higher salary is all depend on the opportunities and the companies them joined. Some may reach 20k in 10 years, some 10k and some may be 5k for the same period. It’s all depend on how "lucky" the person is.

I know of someone who worked for the same company for >10yrs and easily >10k/mth (director level) but got retrenched during the downturn. Now working in another company probably getting around 5k/mth (manager level).

[nettie]

Anyone have the latest statistic from the gov?

[KSP]

nettie:

Anyone have the latest statistic from the gov?

Do you trust statistic especially from gov? I don't really believe. I just treat them as numbers.

[Cheval]

KSP:

nettie:

Anyone have the latest statistic from the gov?

Do you trust statistic especially from gov? I don't really believe. I just treat them as numbers.

Do you imply that actually you think the ministers' salary is lower than published? Or may be it's actually way higher.

To me, there's no need for gvt to play with income stats here. Even the same for other things. But they can choose what to hide from us.

[MMM]

KSP:

Do you trust statistic especially from gov? I don't really believe. I just treat them as numbers.

As with any numbers, people are driven to present it in a way that drive the message they want to drive. So I believe this is also the case for govt statistic.

[skunk]

KSP:

Do you trust statistic especially from gov? I don't really believe. I just treat them as numbers.

Although no government is totally transparent, why would they wanna manipulate the numbers lower? Wouldn't they want to manipulate the numbers higher, to make it seem as if people are better off under their leadership?

I don't think they played with the numbers here. Not to their advantage.

[KSP]

I think the gov would want to portrait a society with small income gap.


For high income they would rather report slightly lower for low income they would report slightly higher.



|********|********|********|
High_______Middle_______Low

* sampling points

[skunk]

KSP:

for low income they would report slightly higher.

and after tweaking low-income people higher, the median household income is only around $5K monthly? :?

I'm not an ardent PAP supporter, but it doesn't seem logical for them to tweak these figures.