The Real Reasons Why Wages are Failing to Keep Up with Inflation
In a recent ST article* headlined, “How households can tackle inflation”, the journalists state that: “…MPs who spoke to The Straits Times for this special report said the key to battling inflation lies in each household becoming more aware of where its dollars are going, and then making temporary changes in lifestyle...
Second batch of signed Hard Truths raises $1.75m
Dear Straits Times, I refer to the 23 Feb 2011 report of Irish hedge fund manager Bill Bollinger's comments on Singapore and MM Lee. Mr Bollinger, having lived in New York and London and having travelled to major cities around the world, finds none functions as well as Singapore, citing rule of law, competence and most importantly...
Hard truths about ministerial wages
In my last article (here), I gave readers a sense of our minister wages in actual dollars. I apologize if you suffered the revolting churn in your stomach after reading the obscenity. In this piece, I want to point out the fallacies of pegging minister wages to the GDP. . The GDP is one of the indicators of the size of an economy....
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