Residents and Singaporeans’ income?

According to a post on Facebook by Han Hui Hui, citing MOM data – the median gross income for Singaporeans increased from $1,950 in 1996 to $3,480 in 2013.

Singaporeans’ income grew 1.57%?

As inflation from 1996 to June 2014 was about 38% – does it mean that the real increase per annum was only about 1.57%?

Excluding employer CPF contribution?

If we use the data excluding employer CPF contribution, is the figure even lower?

20th percentile income?

For the 20th percentile, is it much lower?

If we assume that 15% of the resident workers are PRs, we can derive the income of PRs in 2012 (the latest year that both Singaporeans and Residents data are available) as follows:-

Singaporeans income x 0.85 + PRs income x 0.15 = residents’ income

$3,248 x 0.15 + PRs x 0.15 = $3,480

$2,760 + 0.15 PR = $3,480

PRs income = $3,480 – $2,760 ÷ 0.15

= $4,795

PRs earn 48% more?

Does this mean that PRs earned about 48% ($4,795 ÷ $3,248) more than Singaporeans?

PRs’ income grew 3.5%?

So, does this mean that the real increase per annum for PRs income was about 3.5% against the 1.57% for Singaporeans?

To what extent has our liberal foreign labour policies contributed to the above?

No breakdown of statistics?

Finally, why is there no transparency – no breakdown of the statistics into the number and income of Singaporeans and PRs?

S Y Lee and Leong Sze Hian

P.S. Come with your family and friends to the 3rd Return Our CPF protest on 23 August 4 pm at Speakers’ Corner https://www.facebook.com/events/648543138548193/?ref=2&ref_dashboard_filter=upcoming