05 Jan '12, 5am

Ministers' pay cut proposal: New bonus linked to citizens' incomes and employment

Ministers' pay cut proposal: New bonus linked to citizens' incomes and employment

Real growth rate of citizens' median income. This tracks the income of the average Singapore citizen. The use of the real growth rate, as opposed to the nominal growth rate, factors in inflation. Real growth rate of incomes of the bottom 20 per cent of citizens. This tracks the income growth of vulnerable citizens, and addresses calls to peg ministers' salaries to that of lower-wage earners. Unemployment rate of citizens. A key role of government is to ensure that citizens have jobs. Real GDP growth rate. Gross domestic product measures the value of goods and services produced in a country. It is a key indicator of national performance. Overall, economic growth provides the resources needed for citizens' well-being.

Full article: http://www.straitstimes.com/The-Big-Story/The-Big-Story-1...

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