Singapore wages too high and businesses may close down

Thestatestimesreview wrote this, “Senior Minister for Trade and Industry Koh Poh Koon complained in Parliament yesterday (July 11) that Singaporeans’ wages are too high and unsustainable. Referencing to the productivity growth, the S$1.1 million-a-year PAP minister threatened that businesses will downsize or shut down if wages continue to rise….In Singapore, manual labour jobs like cleaners earn as little S$900 a month after CPF deduction. At about S$5 an hour, this is a quarter of the S$20 minimum wage in Australia. Foreign workers from third world countries like Bangladesh earn much lower, taking home about S$600 a month.”
 
Unbelieveable! A drunk would never admit that he is drunk or would not know that he is drunk. A glutton would never see himself as a glutton. Or Napoleon and his fellow pigs would not know that they were cheating the people and feeding themselves crazy on the people’s labour and contribution.
Singaporean wages high? What nonsense! A $1,000 wage in Singapore is bordering on the poverty line. A $1,000 wage in third world country is middle class. A cleaner with $900 wage is barely surviving. What is high or low is relative. You can't be so simple minded to just compare monetary value without looking at the real value of money in purchasing power.
 
This is the same farce that the Americans are groaning about. They are demanding that China pays its workers the same wage as the American workers. They refused to acknowledge the differences in cost of living, purchasing power and lifestyle. A Chinese worker earning $1,000 is very comfortable as prices of essential items are relatively cheap. An American worker cannot live with a $1,000 wage as not only things are relatively more expensive, but an American worker would want his medium rare steak and his cabernet sauvignon as part of his daily meal. The Chinese worker would be happy with his noodle or rice with a few shreds of meat or fish.
 
Wages are high in Singapore not at the bottom but at the top. The multi million dollar salaries of ministers and politicians, top civil servants and CEOs of GLCs are not sustainable. Just imagine how many commuters must take the train or bus before the train/bus company makes $1m. At $1 a trip, it means 1m trips just to pay the joker his 1m salary. And if you have 20 jokers with an average salary of $1m it means 20m trips just to pay their salaries.
 
The sickness of our economy is not the wages of the workers but the salary of those at the top. Do they contribute enough to earn the millions that are paid to them other than talking nonsense? The salary of a million dollar top man or politician could pay for a thousand workers. This is the real problem of unsustainability and irresponsible remuneration system.
 
Yes, it is very high at the top and very unsustainable. Stop spewing nonsense and everyday scheming to reduce the wages of the workers and stealing their savings in their CPF.
 
The only way to solve the Singapore unsustainable high salary problem is lightning strike.
 
PS. How are Singaporeans going to survive in this most expensive city in the world if their wages are to be the same as Malaysians, Indonesians, Pinoys, or Indians?