Singapore announces 60 percent pay raise for ministers

Employment opportunities are going up in Singapore, so are wages … Maybe I should finish up my contract and head home this June.

From the International Herald Tribute

How much money does it take to keep a Singapore government minister happy? The government says a million dollars is not enough, and on Monday it announced a 60 percent boost in ministers’ salaries, to an average of 1.9 million Singapore dollars, or $1.26 million, by next year.

Prime Minister Lee Hsien Loong will see his pay jump to 3.1 million Singapore dollars, five times the $400,000 earned by President George W. Bush.

… “If we don’t do that, in the long term, the government system will slowly crumble and collapse,” Defense Minister Teo Chee Hean told reporters last month.

In life, you truly get what you paid for.

4 thoughts on “Singapore announces 60 percent pay raise for ministers

  1. You know a lot of people make more money than the President of the US and most of them would not do as well at the job as any of our recent Presidents. I say that even without being very happy with the job being done today.
    I don’t think you always get what you pay for BTW. You’re ministers will all be getting a bigger salary than Bill Gates or Steve Ballmer. At times I think that in the case of very highly (dare I say over) paid executives what is in fact really the case is that the more highly paid they are the worse they are.

    And as an aside I suspect that you are worth a lot more than you are being paid so the company is getting more than they pay for. Argue against that one my friend.🙂

  2. I agree with Alfred there, but the thing is as far as I am concerned, in a country where the average wage is lower than that of Australia or US of A, how the government see it right to increase their already overly high salaries that will see them outpace that of all First World Democratic countries… But then again Singapore is not really democratic anyways…

    I would love to see the wage in singapore go up by 60% for the regular citizen…

    The best job in singapore is that of being the government’s lack… err minister, you can’t be sued (unless by the government itself than you are on your own anyway), have a overly paid position when essentially not doing much more than a minister would in any other developed nation.

  3. @Anonymous, thank you for sharing the link. But I prefer to participate in an activity where all parties involved are known and up front with their identity. The petition organiser which you have referred doesn’t even left behind an identifiable email. I don’t feel confident to associate myself with such a setup.

    Thank you for visiting my blog and leaving your comments.

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