Spore ranks 36h in global wage index!
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from sammyboy coffeeshop talk:
Spore ranks 36h in global wage index!
From: Bright90
To: ALL
140600.1
Lower income taxes
The government always emphasizes to its people that we, the citizens of Singapore, pay much less tax than citizens of other high income cities. Tharman in fact said during Budget 2007 that we paid less tax than our counterparts from Dublin, Sydney and Tokyo but comparable to what citizens of Hong Kong pay.
Here's a list of wage indexes of the most highly paid cities in the world taken from http://www.citymayors.com/economics/richest_cities.html. The indexes are net of taxes so tax rate has already been factored in.
Rank Cities Wage index
1 Zurich 124.2
2 Geneva 115.4
3 Oslo 110.8
4 Dublin 104.6
5 New York 100
6 Luxembourg 98.1
7 Los Angeles 97
8 London 96
9 Copenhagen 95.7
10 Chicago 94.7
11 Helsinki 89.1
12 Tokyo 87.4
13 Frankfurt 85.5
14 Munich 84.5
15 Berlin 82.1
16 Vienna 81.2
17 Toronto 80.4
18 Sydney 79.6
19 Brussels 78.2
20 Montreal 77.3
21 Stockholm 77
22 Miami 74
23 Auckland 73.4
24 Amsterdam 72.7
25 Lyon 70.5
26 Nicosia 69.5
27 Paris 68.8
28 Barcelona 66.6
29 Madrid 64.3
30 Milan 59.9
31 Dubai 57.8
32 Rome 49.7
33 Athens 48.6
34 Seoul 48.2
35 Taipei 43.3
36 Singapore 38.9
37 Lisbon 38.6
38 Johannesburg 37.3
39 Manama 36.6
40 Hong Kong 34.9
We can see that, even after factoring in their high tax rates, citizens of Dublin, Tokyo and Sydney take home 2.7, 2.2 and 2 times the amount of salary that we take home.
So never be fooled by politicians when they say they tax us lower because they don't pay us quite as much to begin with. This is to be expected because of the nature of our economy. Manufacturing still comprises a large segment of our economy and unless we are reasonably cheap, no MNCs would set up shop here, hence the lower wages.
MM likes to compare us with New York and London. Looking at the list, I think we're better off comparing ourselves with Athens or Madrid for New York and London are way above our league. -
The politicians will tell us that all those wages are "not competitive".
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Don't think they care so much about the wages/salaries of the ordinary folks as long as they (the ruling party) are happy with their unreasonable super undeserved high pay.Originally posted by lotus999:from sammyboy coffeeshop talk:
Spore ranks 36h in global wage index!
From: Bright90
To: ALL
140600.1
Lower income taxes
The government always emphasizes to its people that we, the citizens of Singapore, pay much less tax than citizens of other high income cities. Tharman in fact said during Budget 2007 that we paid less tax than our counterparts from Dublin, Sydney and Tokyo but comparable to what citizens of Hong Kong pay.
Here's a list of wage indexes of the most highly paid cities in the world taken from http://www.citymayors.com/economics/richest_cities.html. The indexes are net of taxes so tax rate has already been factored in.
Rank Cities Wage index
1 Zurich 124.2
2 Geneva 115.4
3 Oslo 110.8
4 Dublin 104.6
5 New York 100
6 Luxembourg 98.1
7 Los Angeles 97
8 London 96
9 Copenhagen 95.7
10 Chicago 94.7
11 Helsinki 89.1
12 Tokyo 87.4
13 Frankfurt 85.5
14 Munich 84.5
15 Berlin 82.1
16 Vienna 81.2
17 Toronto 80.4
18 Sydney 79.6
19 Brussels 78.2
20 Montreal 77.3
21 Stockholm 77
22 Miami 74
23 Auckland 73.4
24 Amsterdam 72.7
25 Lyon 70.5
26 Nicosia 69.5
27 Paris 68.8
28 Barcelona 66.6
29 Madrid 64.3
30 Milan 59.9
31 Dubai 57.8
32 Rome 49.7
33 Athens 48.6
34 Seoul 48.2
35 Taipei 43.3
36 Singapore 38.9
37 Lisbon 38.6
38 Johannesburg 37.3
39 Manama 36.6
40 Hong Kong 34.9
We can see that, even after factoring in their high tax rates, citizens of Dublin, Tokyo and Sydney take home 2.7, 2.2 and 2 times the amount of salary that we take home.
So never be fooled by politicians when they say they tax us lower because they don't pay us quite as much to begin with. This is to be expected because of the nature of our economy. Manufacturing still comprises a large segment of our economy and unless we are reasonably cheap, no MNCs would set up shop here, hence the lower wages.
MM likes to compare us with New York and London. Looking at the list, I think we're better off comparing ourselves with Athens or Madrid for New York and London are way above our league. -
wow... why isn;t this reported on the newspaper..?
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To sustain the myth that this is a "unique" and "special" regime for which its utopian features are unparalleled on this planet.Originally posted by 4getmenot:wow... why isn;t this reported on the newspaper..? 
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Don't you know our newspaper swears by the Class 95 FM's slogan, "hear only the good stuff" (advert with tennis coach and parent).Originally posted by 4getmenot:wow... why isn;t this reported on the newspaper..? -
Erm sorry to pour water on your post, I think thats the Gold 90.5 Fm slogan
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Based on this survey, Singapore is ranked third in Asia. The other two above are Seoul and Taipei. Even HK is behind us.
The rest are either EU or US cities.
Based on this anlysis, aren't we supposed to be doing fine? -
not a surprise
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But minister wages no.1.
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"THE CITIZENS WANT MORE PAY, YOU GIVE MORE PAY." ~ SOME GOOD POLITICIAN
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WE ARE WORSER THAN FREAKING DUBAI!!
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sweet sydney at 18th
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no, we are not.Originally posted by Rock^Star:Based on this survey, Singapore is ranked third in Asia. The other two above are Seoul and Taipei. Even HK is behind us.
The rest are either EU or US cities.
Based on this anlysis, aren't we supposed to be doing fine?
cos our political figures are comparing our taxes with that of those EU n US cities. So, comparing apple with apple, our take home wages look pathetic -
haha...
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Our closest competitor, Hong Kong is still cheaper than Singapore in the wage index. We have to cut wages further to remain competitive.
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OK, then you go volunteer to have your salary deducted and ask your employer to cut your wage/salary, show us your good example. Mean what you say, practise what you preach! Scumbag!Originally posted by oxford mushroom:Our closest competitor, Hong Kong is still cheaper than Singapore in the wage index. We have to cut wages further to remain competitive. -
We even rank lower than Nicosia.
Yes, you people will be going to google where Nicosia is after you read this. -
i think 1 impt lesson we learn from this thread is that we should not accept what the govt tell us entirely. We have to open ourselves to more viewpoints.Originally posted by Rock^Star:Based on this survey, Singapore is ranked third in Asia. The other two above are Seoul and Taipei. Even HK is behind us.
The rest are either EU or US cities.
Based on this anlysis, aren't we supposed to be doing fine? -
wow power power woo
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Yeah, and why not adopt some of Hong Kong's generous social benefits too?Originally posted by oxford mushroom:Our closest competitor, Hong Kong is still cheaper than Singapore in the wage index. We have to cut wages further to remain competitive.
While their wages are marginally lower than Singapore's on the wage index, it's easy to forget there's dole for the unemployed and there's absolutely no tax on goods and services rendered - try telling me Hong Kong's real-wage growth is actually worse than Singapore's.
Typical of sycophantic mouthpieces painting half-truths, it's easy to conveniently omit the other half of the story indeed.
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These morons seem to be only capable of one track thought, and when proven wrong, will then try to "stay the course". Little wonder that bastard family supports Bush despite the latter on a sinking ship.Originally posted by walesa:Yeah, and why not adopt some of Hong Kong's generous social benefits too?
While their wages are marginally lower than Singapore's on the wage index, it's easy to forget there's dole for the unemployed and there's absolutely no tax on goods and services rendered - try telling me Hong Kong's real-wage growth is actually worse than Singapore's.
Typical of sycophantic mouthpieces painting half-truths, it's easy to conveniently omit the other half of the story indeed. -
If my productivity is 10 times more than yours, i deserve 10 times your salary. Unless Singaporeans are more productive than Hong Kongers, we cannot expect higher salaries. The market will decide...in the same way it has decided why I deserve moreOriginally posted by rane:OK, then you go volunteer to have your salary deducted and ask your employer to cut your wage/salary, show us your good example. Mean what you say, practise what you preach! Scumbag! -
"There's no greater sin than stupidity." - Oscar WildeOriginally posted by Fingolfin_Noldor:These morons seem to be only capable of one track thought, and when proven wrong, will then try to "stay the course". Little wonder that bastard family supports Bush despite the latter on a sinking ship.
Does that sound familiar to you?
As with their masters, don't you realise sycophants of this regime sing the same tune as their masters and construe "facts" to be one-dimensional truths which are nothing more than spin to a rational mind? -
Isn't it a failure of Govt policy that our productivity is so low compared to HK for so many years?Originally posted by oxford mushroom:If my productivity is 10 times more than yours, i deserve 10 times your salary. Unless Singaporeans are more productive than Hong Kongers, we cannot expect higher salaries. The market will decide...in the same way it has decided why I deserve more
The statistics has been hammering us for over a decade and we have failed to close the gap at all. If it isn't obvious enough, the failure of the Govt to nurture local entrepreneurship for decades is the reason why we have failed to catch up.