I'm curious how the GDP per capita is aboutSGD$60,000.
What jobs do locals have that earn SGD$120,000 a year?
I mean, there are thousands and thousands of people on low pay. Are there that many millionaires in SG?
(I know starting salary for auditors in Big 4 is about $2000-2500, so to average out, at least as many people must earn $10,000 a year)
Fresh grads earn on average 2.8k SGD. If you include the employer's CPF contribution, their gross monthly pay is around 3.1k SGD. Per annum, that is 36k SGD.
51k USD GDP per capita = 70k SGD = 5k SGD per month.
If you take the rich and poor people and average them out, I think 5k SGD is about the average income in Singapore.
Even a bus driver earns around 2-3k, and Singaporeans are not interested in driving buses for that amount, so once again, foreigners make up almost half of all bus drivers now. (asiaone.com/News/AsiaOne+News/Singapore/Story/A1Story20080311-53708.html)
If a starting auditor with a degree makes only 2k, then that is pretty sad. Let's hope the brand name on their CV is worth it.
Singapore is a bad place to be an employee but a good place to run a business, low taxes, no tax on capital gains, I don't understand why people work for others in Singapore.
