30 Sep '11, 9am

[TOC] High living costs, low wages & purchasing power?

[TOC] High living costs, low wages & purchasing power?

I refer to the latest issue of the UBS Price and Earnings report, which is a study of purchasing power around the world (see HERE ). Out of 73 cities ranked, Singapore comes in at 10, 42 and 47, for Price Level, Wage Levels and Domestic Purchasing Power, respectively. Triple whammy? What this may mean is that Singaporeans may in a sense, be squeezed in a triple whammy – high cost of living, low wages and low purchasing power. Another world first? Singapore comes in at number 10 among the top-10 cities ranked according to Price Levels. The other cities ranked better than Singapore are Oslo, Zurich, Geneva, Copenhagen, Stockholm, Tokyo, Sydney, Helsinki and Toronto. What is perhaps ‘Uniquely Singapore’, may be that Singapore has the distinction of having the worse Wage Levels and Domestic Purchasing Power rankings, amongst the top 10 Price Level cities. In other words, none ...

Full article: http://theonlinecitizen.com/2011/09/high-living-costs-low...

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