Economy Bad, So Ministers To Get Pay Rise
-
The Ministry of Governmental Salaries Oversight Committee announced today that in light of the poor performance of the global economy, the salaries of ministers will be raised. It is hoped that this drastic measure will encourage our government leaders to work harder and help Singapore regain its competitive edge quickly.
"Now that the economy is doing poorly, Ministers and top civil servants will have to work harder and longer hours. It only makes sense that their efforts do not go unrewarded," said Mr Foo Lo Chit, chairman of the Oversight Committee. "Obviously they're not getting paid enough now, which is why our economy has gone into a technical recession. We must take immediate action to correct this injustice."
Although details of the new pay package is confidential, Mr Foo hinted that in light of Singapore's recent National Day celebrations, some Ministers might get up to a symbolic 36% pay increment. Mr Foo declined to give more details, explaining: "How would you like it if I announced your salary to everyone in Singapore?"
Public reactions to this move have been overwhelmingly positive. A poll of three people around the office revealed that 66% of respondents feel that this initiative could only bring success to Singapore.
"It's always worked before, what," commented Mdm See Cher Suo, 'Director' of Janitorial Services, "Every time the economy is okay, it?s because the gahmen is getting paid a lot. Now times are bad, naturally should pay them more!"
Responses from government leaders have been more mixed. While most welcomed the move, some felt that these new measures have not gone far enough.
"I've just bought two new Mercs and shares in a pillowcase factory in Suzhou," complained a leader who wishes to remain anonymous, "Surely the taxpayers have a moral obligation to incentivize me to boost the economy by subsidizing my expenses!"
Others were more philosophical. "Times are very rough now, and we all must do what we have to in order to survive. So I guess I have no choice but to accept the pay raise." -
Never heard of this committee. Anyway, they are like their name --> an oversight. It is an oversight of the government to set up this committee.
Poor economy, so ministers get pay rise. Got such logic? I thought they should be the first to get pay cut. No wonder rich poor gap very wide. Because of them. Rich get pay rise, poor get pay cuts.
Support the WP
-
Talk cock la, normal workers also work extra long hours what, and instead or a pay rise, there is a pay cut.
-
"Mr. Foo Lo Chit"....
-
Ministers have a heavy burden as they are responsible for the country and as such should be well compensated. If the economy is bad, it means the ministers are not sufficiently motivated, therefore their pay needs to be increased to motivate them to perform better. It's a bitter pill but we must swallow.
-
Where you got this source from?Originally posted by caramon.:The Ministry of Governmental Salaries Oversight Committee announced today that in light of the poor performance of the global economy, the salaries of ministers will be raised. It is hoped that this drastic measure will encourage our government leaders to work harder and help Singapore regain its competitive edge quickly.
"Now that the economy is doing poorly, Ministers and top civil servants will have to work harder and longer hours. It only makes sense that their efforts do not go unrewarded," said Mr Foo Lo Chit, chairman of the Oversight Committee. "Obviously they're not getting paid enough now, which is why our economy has gone into a technical recession. We must take immediate action to correct this injustice."
Although details of the new pay package is confidential, Mr Foo hinted that in light of Singapore's recent National Day celebrations, some Ministers might get up to a symbolic 36% pay increment. Mr Foo declined to give more details, explaining: "How would you like it if I announced your salary to everyone in Singapore?"
Public reactions to this move have been overwhelmingly positive. A poll of three people around the office revealed that 66% of respondents feel that this initiative could only bring success to Singapore.
"It's always worked before, what," commented Mdm See Cher Suo, 'Director' of Janitorial Services, "Every time the economy is okay, it?s because the gahmen is getting paid a lot. Now times are bad, naturally should pay them more!"
Responses from government leaders have been more mixed. While most welcomed the move, some felt that these new measures have not gone far enough.
"I've just bought two new Mercs and shares in a pillowcase factory in Suzhou," complained a leader who wishes to remain anonymous, "Surely the taxpayers have a moral obligation to incentivize me to boost the economy by subsidizing my expenses!"
Others were more philosophical. "Times are very rough now, and we all must do what we have to in order to survive. So I guess I have no choice but to accept the pay raise."
-
u got see madam wash toilet?Originally posted by Devil1976:Where you got this source from? 
chances are... talkincock.com -
I hope you're joking...Originally posted by SexFrenzy:Ministers have a heavy burden as they are responsible for the country and as such should be well compensated. If the economy is bad, it means the ministers are not sufficiently motivated, therefore their pay needs to be increased to motivate them to perform better. It's a bitter pill but we must swallow. -
Obviously, the Ministry of Governmental Salaries Oversight Committee does not know the simple meaning of 'going through the good times & bad times together with the common people'. Something is really wrong with the way they think. If money have to be used in order to motivate the ministers to make them perform better, I firmly believe that Singaporeans can do away with the services of these mercenary ministers.
-
That fellow is not very logical.Originally posted by SilverPal:I hope you're joking...
Then all the CEOs who bankrupt their companies or run the companies down should be compensated a couple billions more so that they are more motivated to run the companies further into the ground??? -
erm... u guys didn get it? its not real... look at the names....
-
whats that stands for?Originally posted by Meia Gisborn:"Mr. Foo Lo Chit"....
i only noe madam wash toilet -
As I said, its best to outsource their jobs to India and Prc as well ... I think they are cheaper and might perform just as well or even better ...Originally posted by Spirit of Fire:Obviously, the Ministry of Governmental Salaries Oversight Committee does not know the simple meaning of 'going through the good times & bad times together with the common people'. Something is really wrong with the way they think. If money have to be used in order to motivate the ministers to make them perform better, I firmly believe that Singaporeans can do away with the services of these mercenary ministers. -
typical talkingcock.com
-
Causing some MISUNDERSTANDINGS here...
-
The original post is from talkingcock. I read it before.Originally posted by mistyblue:That fellow is not very logical.
Then all the CEOs who bankrupt their companies or run the companies down should be compensated a couple billions more so that they are more motivated to run the companies further into the ground???
for commercial companies, you're right, they won't do it. The article is poking fun at the (not so) recent announcment by the govt to change their wage system in view of the (then) widespread cutting of pay and losing of jobs.
If you remember, they said that they won't take a fixed salary (which is already very high) but will adopt a flexi wage system that, when economy is bad, they will take their (very high) minimum wage. When times are good, they will get proportional increament (or something like that). I'm not too sure about the exactly wordings or system, but this is the rough idea.
I may have misunderstood some points tho...
-
we all know why stocks command higher returns than bonds. because stocks carry a lot more risks than bonds. stock worth $100 today maybe worth nothing tomorrow. on the other hand, bondholders enjoy regular coupon payments and get their principal back. because stocks are riskier, they command a higher price over bonds.
similarly, private sector jobs are riskier compared to jobs in the public sector. chief financial officer today maybe sacked tomorrow and end up washing dishes at hawker centre. but what about a top civil servant? no risk whatsover the outcome of the economy.
so what happens when a bondholder demands a stock price? -
will the one who wrote this be charge?
-
You should really quote the source you obtain this article from. The people at talkingcock.com wouldn't be happy if someone just cut and paste their article in another website.
Anyway, why do you want to post this here. If people want to read such articles, they will know how to go to talkingcock.com to read them. Moreover, when you post this article, you didn't tell others that the article is not real. -
please state where u get the source if u had not written it by yourself thank
-
Um... Mr "Full Of Sh*t."Originally posted by shinta:whats that stands for?
i only noe madam wash toilet
Took me a moment to get that too.