Thursday, May 3, 2012
Money Never Enough
Our PM, on the other hand thinks it's too risky to increase the salaries of low wage workers by 50 percent over 3 long years. He put the final seal on the "shock therapy" proposal by Lim Chong Yah, relative or no relative. In the earlier shock therapy of 1979 - 1981, the paper general was spending more time in classrooms instead of being out in the field. It shows.
All the naysayers, including supposedly labour champion Lim Swee Say, have focused on the pay rise. Prof Lim's initiative also calls for a wage freeze of those fat cats collecting more than $15,000 a month, Lim and Lee included. The irony was not lost on union leader Rajendran, "the higher income are getting more each day, while the lower wage ones just get a little every year -$40 or $50".
Ministers and other political appointment holders cooked up a new formula to award themselves 2.625 months of "national bonus" for last year's lacklustre performance, with nothing to show for it except nation wide chaos in floods, transportation, housing and spiralling inflation. PM helped himself to twice the payout, 2 x 2.625 months of his $2.2 million a year. How did Lim Swee Say put it? Q.E.D. - Quite Easily Done. You don't need a degree in Mathematics to understand why Prof Lim's shock therapy was shot down in flames.