Singaporeans' 2007 income rose 9.6%
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Another piece of propaganda article from the PAP controlled press. ST never stop publishing articles in the name of propaganda.
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S'poreans' 2007 household income rose 9.6% - fastest in a decade - Wed, Feb 13, 2008
The Straits TimesTHE average monthly household income of Singaporeans rose by 9.6 per cent to $6,280 in 2007 - the fast growth over the last decade, spurred by better wages on the back of a robust economy and a tight labour market.
But reflecting the widening income gap, higher-income households continued to take home more pay, with higher wage increases for skilled and knowledge workers, according to a paper on key household income trends in 2007 released by the Singapore Department of Statistics on Wednesday.
Among employed households - those with at least one working person - average monthly household income from work grew by 9.1 per cent to reach $6,830.
After adjusing for inflation, these households enjoyed real income growth of 6.9 per cent last year.
Half of the employed households had monthly income of at least $4,870, compared to the median household income of $4,500 in 2006.
DOS said every household member from all income groups experienced increases income from work 'in real terms' in 2007.
On the widening income distribution between the higher and lower-income households, DOS said the Gini coefficient, which measures income inequality, went up from 0.472 in 2006 to 0.485 in 2007.
But the Government's GST (goods and services tax) offset package, which was weighted in favour of the lower-income groups, has helped mitigate the effects of widening household income disparity, it noted.
After adjusting for Government benefits and taxes, DOS said the Gini coefficient among employed households was lower at 0.460 in 2007, compared with 0.485 before adjustment.
More details on the household income trends in 2007 can be found on http://www.singstat.gov.sg.
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Discrepancy in the percentage. The Chinese channel 8 stated it is 10% as compared to what asiaone.com stated. The gahmen can't even get their figure right
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This must the biggest statistical BS announced before the budget.
Just ask the people around you, I have yet to know any one that is having a 10% increase in income.
I only know that the value of money have shrinked with the shameful inflation incurred by the shamelessly greedy poodles.
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for good years ahead!... for fuckers to raise fare hike yet again.
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Could it be due to somebody who increased their own multi-millions salaries which pull up the overall average?
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Originally posted by 333225520:
Could it be due to somebody who increased their own multi-millions salaries which pull up the overall average?
not somebody, but some group of people
And almost everyone else in that same sector had a pay raise too. -
Sigh... I didn't know my household income is below average at the moment :(
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Another sign of price hike again...
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i wonder what will be my working pay in 3years time
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... where the hell did they get the stats from?
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S'poreans' 2007 household income rose 9.6% - fastest in a decade
Wed, Feb 13, 2008
The Straits Times
THE average monthly household income of Singaporeans rose by 9.6 per cent to $6,280 in 2007 - the fast growth over the last decade, spurred by better wages on the back of a robust economy and a tight labour market.But reflecting the widening income gap, higher-income households continued to take home more pay, with higher wage increases for skilled and knowledge workers, according to a paper on key household income trends in 2007 released by the Singapore Department of Statistics on Wednesday.
Among employed households - those with at least one working person - average monthly household income from work grew by 9.1 per cent to reach $6,830.
After adjusing for inflation, these households enjoyed real income growth of 6.9 per cent last year.Half of the employed households had monthly income of at least $4,870, compared to the median household income of $4,500 in 2006.
DOS said every household member from all income groups experienced increases income from work 'in real terms' in 2007.
On the widening income distribution between the higher and lower-income households, DOS said the Gini coefficient, which measures income inequality, went up from 0.472 in 2006 to 0.485 in 2007.
But the Government's GST (goods and services tax) offset package, which was weighted in favour of the lower-income groups, has helped mitigate the effects of widening household income disparity, it noted.
After adjusting for Government benefits and taxes, DOS said the Gini coefficient among employed households was lower at 0.460 in 2007, compared with 0.485 before adjustment.
More details on the household income trends in 2007 can be found on http://www.singstat.gov.sg.
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why can't they show the ppl the numbers in income gap before averaging up.
if these figures are true, where did all the poor people come from?
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Thats great news.......maybe now ill reconsider going to sg.lol
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I have always have doubt about figures given by them. I doubt they are sincere to be accurate in their finding.
The most laughable thing is asiaone.com said it is 9.6% but over at channel 8 from the brief mobile news text, it stated is 10%. See they can't even agree on the same figure, so expect all of us to believe them. Be it 9.6% or 10%, looks clear they are not sincere at all.
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9.6 and 10 is pretty much the same......they just round it up so it looks better
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Originally posted by Ed11790:
9.6 and 10 is pretty much the same......they just round it up so it looks better
Don't think they should round it up.
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its only .4.....not much different
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Originally posted by Ed11790:
its only .4.....not much different
Every number counts OK. -
I wish I could believe what I've read. Unfortunately, I don't.
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my increment is less than 2%. ~grin & bear it~
inspite of what is said abt job creation/etc.by the media/gahmen, i have been told tt nobody's job in the company is secure.
i agree some are more lucky than me,
FOr me, I need to get real!
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No matter what they say, I'm still aiming for 10k per month within 3~5 years of graduation.
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Originally posted by eagle:
No matter what they say, I'm still aiming for 10k per month within 3~5 years of graduation.
You can be MP within 3 - 5 years of graduation?
Really?
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Originally posted by eagle:
No matter what they say, I'm still aiming for 10k per month within 3~5 years of graduation.
To achieve that , your most probable options are:
A. Have a rich daddy with a company .
B. to run for MP and win the campaign
C. work in two jobs
D. Marry a heiress to a large company
E. Get headhunted
Or else you will be bitter and twisted from the frustration.
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stop this crap...its sickening
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do they think i am stoopid?
a pri 1 old kid will know this is b&llsh&t
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I think it's sad whenever the average income pulls away from the median income. Singapore's income curve used to be more bell-shaped. Now it's skewing towards the left, like the US, meaning the rich are getting richer. If PAP wants to maintain social order, they must look towards increasing the income of the lower quartiles. I am all for a minimum wage scheme to redistribute income more fairly. Yes, labour and prices will go up, but it will mostly be bourne by the rich and well-off, who can well afford it.