Minister’s salary should be linked to median worker’s salary and not to “the top eight earners of six well-paid professions”- for more transparency
Linking MinisterÂ’s salary to the median peopleÂ’s salary is better then current practice of linking MinisterÂ’s salary to CEOÂ’s salary.
Because:
1. ItÂ’ll promote more transparency.- until now- people only know 2000 figures- are they earning even more now?- http://groups.google.com.sg/group/soc.culture.malaysia/msg/8c92de9c209c9a7e?&hl=en
http://www.littlespeck.com/content/politics/CTrendsPolitics-030512.htm
2. DisgustingÂ… $1.5M/yr pension for life- this mystery should also be answered-
From: "truth" -Fri, 08 Apr 2005 --A Minister's Pay - an estimate-- http://groups.google.com.sg/group/soc.culture.singapore/msg/7151c65dc0ebd239?&hl=en
3. The remuneration of the Minister should be based on the progress of the people- not the progress of the elite.
PAP ministers must not be encouraged to make more pro elite/ CEO policies to favour exploitation of the lowly workers for the sake of greater company returns.- eg via importing foreign workers withput thought for upgrading the Singapore worker.
4. Upgrading the Singapore worker means paying mature students a salary in reward for greater academic achievement in desirable industries.
1. Singapore Prime Minister's Basic Salary US$1,100,000 (SGD1,958,000) a year
SG Minister's Basic: US$655,530 to US$819,124 (SGD1,166,844 to SGD1,458,040) a year
2. United States of America President: US$200,000 Vice President: US$181,400
Cabinet Secretaries: US$157,000
3. United Kingdom Prime Minister: US$170,556 Ministers: US$146,299 Senior Civil Servants: US$262,438
4. Australia Prime Minister: US$137,060 Deputy Prime Minister: US$111,439 Treasurer: US$102,682
5. Hong Kong Chief Executive : US$416,615 Top Civil Servant: US$278,538 Financial Sec: US$315,077
Source: Asian Wall Street Journal July 10 2000 http://groups.google.com.sg/group/soc.culture.malaysia/msg/8c92de9c209c9a7e?&hl=en
Low wages = Low Standard of Living as stated by Mr Khaw Boon Wah.
So, if the salary of the minister is reduced, the person may "quit" from singapore to another country.
This is what Singapore have opened its door to the "REAL" foreign talent.
It is like Singapore managed by a Foreign-born PM eventually.