Sunday, September 23, 2012

In 1973,

a 4 room flat (92 sq m) is $15.5K
a plate of chicken rice is 70 cents.
a fresh poly grad pay is $400 pm
a fresh univeristy graduate pay $800 pm
a minister pay is 3-4k pm, about 40K per year.

In 2012

same flat is $300K. (19x)
chicken rice $3.00 (4x)
salary of fresh poly grad $1.4 to $1.8K pm (4.5x)
salary of fresh university graduate $2800-$3600 (4.5X)
minister pay say $1 m per year (25x)

Rightfully minister pay should be no more than $200,000 per year ($40,000 x 4.5)

adjusted for inflation... workers starting pay remain consistent after adjusted for inflation... so this 40 years only ministers' productivity went up?

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