05 Jan '12, 1am

The Reform Party’s Response to the Committee’s Report on Ministerial Salaries via @AddThis

It also gives Ministers a powerful incentive to pursue policies that increase the earnings of the top 500 even if this comes at the expense of the incomes of median Singaporeans. An example would be the deliberate policy of allowing the virtually unlimited import of cheap foreign labour which, by compressing wages for those in competition with foreign workers, has swelled the profits of companies operating in Singapore. This would be reflected in the higher pay, bonuses and dividends of their top Singaporean management and the Singaporean owners of companies. In turn, on the committee’s formula this would justify a higher level of ministerial salaries. So it encourages the government to pursue divisive policies that do not benefit ordinary Singaporeans. The Reform Party recognizes that profitability is necessary and that creativity and innovation should be encouraged. We a...

Full article: http://thereformparty.net/about/press-releases/the-reform...

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