myth 128

Is there a value to a job? The traditional method of evaluation the worth of a job and how much it should be paid is no longer relevant in the modern context, or at least in the Singapore context. In the past, a job is carefully evaluated with relevant factors to determine how much it is worth. It is quite a tedious and complicated process. Today, the determination of the value of a job is so much easier. Just peg it to somebody's income. In fact the value of all the jobs in Singapore can be done that way. And whether the value of the job increases or decreases will be determined by the income of the top eight lawyers, accountants, bankers, CEOs of MNCs and local enterprises, and engineers. And workers can likewise peg their pay to them. And when these people earn a lot of money, their pay can likewise be adjusted accordingly. The process is clean, transparent, objective and clinical. No need to argue about how much is a job worth anymore. No need to go for collective negotiation with management. Afterall the value of a job is only relative, relative to whoever one chooses to peg it with.

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