Poly real increase 0.3% last 14 years?
The median gross monthly salary among university fresh graduates in permanent full-time jobs was S$3,800 in 2021
https://stats.mom.gov.sg/……/Singapore-Yearbook-Of……
$2,700 in 2006?
According to Nanyang Technological University’s (NTU) ClassAct Issue 51, June 2007, “NTU graduates from the Class of 2006” had “a mean gross monthly salary of $2,700”.
In this connection, according to www.salary.sg, “Channelnewsasia.com (said) this is higher than both NUS and SMU“.
Salary grew 2.3%?
This means that starting salaries for NTU grew by about 2.3 per cent per annum, from 2006 to 2021.
Real salary increase 0.5%?
Since inflation was about 1.8 per cent per annum for the same 15-year period from 2006 (CPI 77.617) to 2021 (CPI 101.9), does it mean that the real increase in salaries per annum was about 0.5 per cent?
Polytechnic graduates real increase was worse?
The starting salaries for poly fresh graduates grew by about 2.1 per cent per annum, from 2007 ($1,805) to 2021 ($2,400).
Since inflation was about 1.8 per cent per annum for the same 14-year period from 2007 (CPI 79.251) to 2021 (CPI 101.9), does it mean that the real increase in salaries per annum was about 0.3 per cent?
Foreign workers?
To what extent has the liberal issuance of Employment passes which have a minimum salary of $5,000 (previously $2,800 when this scheme started) and the S-Pass which has a minimum salary of $3,000 (previously $1,800), contributed to the low real salary growth of both university and poly graduates?
Graduate Employment Survey should report real salaries?
I would like to suggest that the annual Graduate Employment Survey report the starting salaries of graduates in real terms too, instead of just the nominal increase.
SGIssuesThatMatter
