Monday, November 24, 2008

Austerity Grandstand

CNA reported: Next year, the Prime Minister will actually see his salary fall to pre-revision levels.

The Public Service Division also said the Prime Minister has and will continue to donate all increases in his own salary after the April 2007 revisions, to good causes for five years.

With 19% cut, it's now $2,997,000 for the PM instead of $3,700,000. Wow, such a big drop in the ocean. It must be painful!

With this pay cut, I just hope they won't hip hop again and make a song and dance of their 'altruism'?

"A panel of ministers was asked if senior officers and leaders in the public sector would lead by example and take pay cuts in difficult times. 'We're not here to grandstand,' Mr Tharman said."

Poor Mr Tharman is now forced to grandstand.

Grandstanding in Austerity?

Poor souls. They are between the devil and the deep blue sea. If they did not lead by example by having a pay cut, they are inhumanly callous. If they bite the bullet and take a reduction, they are grandstanding. Well, if the man did
not make a mockery out of national service and nation building in Singapore by paying himself five times POTUS's salary in the first place, he'd would not be in such bad light now.

As the reason for their humongous pay rise was to match their talents, let's brace ourselves for a 18%-19% drop of good governance and policies from our government. It's a shame that their talents are no longer worth their original salt. As they will not be paid their 'worth', will some decide to quit their ministership and move to greener pastures like being doctor or lawyer again?

It would be a shame if they do. If they go, the golden period would be over and our mother, wife, sister, daughter and grandaughter may have to start looking for position as maids in other countries.

To every life, a little rain must fall.

Will the brewing thunderstorm cause the lightning to strike within its own circle?

Meanwhile lets hope those with 18%-19% pay cut will use their talents to take care of these folks who do not have any pay to cut.
Or have their talents been wasted in Citigroup, UBS, Merrill Lynch and ABC Learning and town councils' investments?



At November 25, 2008 at 9:07 PM , Anonymous Anonymous said...

19% of $4miliion & $1500 means totally different meaning.
as usual the poor (civil servants) will suffer greatly while their ineffective elites just buy less bmws.

At November 26, 2008 at 10:54 AM , Anonymous Anonymous said...

'19% of $4million & $1500 means totally different meaning'

The difference is of galactic proportions when the economy improves and they start the restoration process. The one on $4million will get a retoration of several times the cut. The one on $1,500 may not even get any restoration or only a fraction of the cut. Just watch the show.

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