The median gross monthly wage of Singaporeans and PRs employed full-time, according to the latest Manpower Ministry report, is now S$4437 (including CPF) – an increase from the S$4232 median salary last year.
That’s an increase of 4.8 percent.
Bear in mind, this data only reflects Singaporeans and PRs employed full-time (no part-timers, freelancers etc).
Then, we have this:
A water price hike of 30 percent – not including GST, mind you.
S&CC charges increased by over 20 percent (and even your rubbish collection fee went up by some 10 percent).
Electricity bills – a 4 percent quarterly increase, bringing it to a hike of over 10 percent.
Already the ripple effects of such costs are being felt – even a basic cup of kopi o kosong now costs 10 percent more.
And what’s coming up: a GST increase by 2 percentage points, and e-commerce tax on goods and services.
Still feeling rich?
Even Edwin Tong doesn’t feel rich, so why should you?
Unless you’re a certain Bentley-driving Brother Chong.
But seeing how the costs of public services have increased, we should be thanking value-dollar shops instead of the government for us being able to struggle by.