18 Jan '12, 10pm

I missed this in Jan, but it needs reading. Singapore construction workers earn less than a tenth of what doctors do.

One of the most striking factoids I’ve heard in a while was this: In Singapore, a construction worker earns about 9 percent of what a doctor earns, compared to Hong Kong where such a worker earns about 25 percent of what a doctor does. Ho Kwon Ping, executive chairman of Banyan Tree Holdings, highlighted this in a talk he gave Monday, 16 January 2012, at a seminar organised by the Institute of Policy Studies (IPS). The institute had prepared the statistics for him. Doctors in both cities earn about the same. Likewise, both Singapore and Hong Kong are open to foreign labour. Yet there is this disparity. If we look at other developed countries, again, Singapore looks like the outlier. Ho said, “First, professionals like doctors and lawyers are paid slightly better in Singapore than the average of the IPS sample of developed countries. Second, our lower-income workers fare mu...

Full article: http://yawningbread.wordpress.com/2012/01/19/wage-differe...

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