Today's papers (18th June 2004) featured a small but bloody interesting article. 400 top politicians, civil servants, etc will have their pay reinstated by 10% then another 14-19% (total 24-39%)by 2005. This is in lieu of the improving economy. WTF... Hmmm let's look at yesterday's papers (17th June 2004)... 990 new millionaires, with at least S$1.7 million in liquid assets! Civil servants count amongst these well-heeled folks too...
I cannot understand what is going through the minds of these people. Let's do the maths: using the recent article on well-paid administrative officers with an average salary of around S$300k, we're looking at around S$2000-$3000 in pay restoration, easily. That's S$1 million in restored pay, per month, and to well-heeled individuals mind you. People who don't bat an eyelid for $3000. What's $1 million? Twenty-five thousand ordinary folks can benefit with a $400 pay increase per month with that cool million! TWENTY-FIVE THOUSAND needy Singaporeans... compared to 400 who don't need it.
The rich get richer, the poor stay poor... when times SEEM bad, you cut and squeeze. When times SEEM good, you reward yourselves. To ordinary folks like you and me, it makes no sense at all.
I liken Singapore to a tree. If a tree is weak, you water it, you give it fertilizer, you tend it. You basically strengthen the roots. Then in turn, the leaves, flowers and fruits are beautiful, bountiful and strong. The tree stands tall and strong.
However, if you turn it around... when a tree is weak, you tend the flowers, the leaves, you pay attention to the top, neglecting the foundation. In the end, the tree will fall, regardless of how wonderfully kept the top was.
Even if you want to run Singapore like Singapore Inc, please treat the employees well. If not, your erstwhile loyal employees are going to jump ship. Trust me on that.
Lau Ah Pek
18.06.04
