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LoginSingaporeans' 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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... 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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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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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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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.
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