21 Jan '12, 8am

Cut In Ministers’ Pay Is Good, But Detailed Mechanisms Matter: Alex Au, Yawning Bread: The incentive structure...

Cut In Ministers’ Pay Is Good, But Detailed Mechanisms Matter: Alex Au, Yawning Bread: The incentive structure...

You rightly asked why the pay of those in the financial sectors is being controversially over-represented to an obscene degree – 5% representation in the actual workforce but up to 38% in the committee’s 1000. My guess would be that the committee instead of using rational data to spontaneously point to it what should the ministerial pay be like, actually did a reversed engineering of sort by first of all predetermining what it want the recommended new pay to be, and from there find the constants or variable that would deliver the results it has already PRE-DETERMINED beforehand! In the SAF, this is known as ‘situating the appreciation’ as opposed to a plan formulation methodology practised by military commanders known as the ‘ appreciation of a situation’. Perceival was said to have performed such a plan for Singapore in WWII, but apparently it was never adhered to by his ...

Full article: http://yawningbread.wordpress.com/2012/01/21/cut-in-minis...

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