And taz not even taking account of the LKY effect induced partly (but not wholly) by the saturation coverage in our constructive, nation-building media, aided by various Facebook pages run by allies. The anti-PAP websites help the PAP by adding to the sheer weight of coverage even as they they denigrate LKY, often in really stupid ways. More on GE and the LKY effect one of these days.
Nor is this even taking account of our money being spent on us. Think public transport, Pioneer Generation benefits for starters.
It’s economics that drove the PAP’s share of the vote to 60% and will lift it in the coming GE.
The PAP didn’t do well in 2011* because there was no real wage growth from 2010 to 2012, mirroring a drop in FDI flow. But look at the rebound in both. And remember the increase in employers’ contribution by 0.5% from 1 September 2011. And that there is a further 1% increase this year.
*Yes, yes of course the rising prices of public housing and the crowded trains and buses and the arrogance of the PAP especially one LKY (remember his “repentance” comments?) didn’t help. Funny even the cybernuts don’t raise his “repentance” comments. Scared his ghost will haunt them?
This commentary was written by Atans1 and first published on Thoughts of a Cynical Investor.
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