Fresh poly grads finding full-time permanent jobs in 2022 – 59%, Starting pay real increase 0.1% p.a. last 15 years?

January 14, 2023

“Poly grads finding full-time permanent jobs after graduation at 3-year high of 59% in 2022: Poll” (ST, Jan 13)

The starting salaries for poly fresh graduates grew by about 41.3% or about 2.3 per cent per annum, from 2007 ($1,805) to 2022 ($2,550).

Since inflation was about 2.2 per cent per annum for the same 15-year period from 2007 (CPI 79.251) to 2022 (CPI 110.3 Sep), does it mean that the real increase in salaries per annum was about 0.1 per cent (2.3 – 2.2%)?

https://data.gov.sg/……/consumer-price-index-annual……

https://www.singstat.gov.sg/……/news/cpisep2022.ashx

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About the Author

Leong

Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional qualifications.