03 Aug '11, 1am

Is it distasteful that a fresh grad working in a bank can command a $10,000 salary? Our reader explains why it is.

MR LIM CHUAN YANG: 'I find it somewhat distasteful that a fresh graduate working in a bank should command a sky-high monthly salary of close to $10,000 ('Fresh out of NTU... and drawing 5-figure salaries'; July 26). Perhaps that is why banks must be blamed for the 2008 global financial crisis. The banking industry has failed to convey the ethical values that might have mitigated, if not prevented, the excesses that led to the recent global recession. Much of the fault lay with the bankers' greed. My friends who are social workers earn an average of $2,500 monthly, but the worth of their work - helping former convicts and counselling addicts, for instance - is in inverse proportion to their pay. Other friends who are nurses work shifts and endure verbal abuse from patients' family members, or are scientists toiling to seek a cure for cancer. To me, they deserve more recogni...

Full article: http://www.straitstimes.com/STForum/Story/STIStory_697809...

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