Salary.sg Forums - View Single Post - UBS Financial Services Industry Academy
View Single Post
  #524 (permalink)  
Old 05-08-2021, 07:54 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I think what this guy is saying is that doesn’t matter if you earn 2.5k or 10k, even if you earn 300k you still aren’t exactly rich unless you can earn that sum in real terms even when you are 100. I, too, think that people should not inflate their jobs, but the topic about SGUT vs FT ain’t worth a 50+ thread of toxicity. Better to put our mind on solving global issues like inflationary pressures and monetary policies.
LOL you're clearly the same person. Why do you have to talk about inflationary pressures and monetary policies if you're not the same person? Why the lengthy response time (took you a day to craft out an answer), trying to shift goalposts?

The point is simple, if you're FO banking, you don't have to worry about your salaries not keeping up with inflation. If you're making 2.5k per month, perhaps you have to worry. Long-term inflation has always been targeted at 2% per annum, if it rises beyond that, that's when the Central Banks would intervene to keep it below 2%. MNCs would typically account for this and give 2-3% increment every year even if you perform the same or badly (if you're not fired yet). Going back to Banking, GS just announced a 10-15% pay bump for their analysts and this is in response to other banks doing likewise. Granted this is due to the intense competition for talents (oh the irony in this thread) but tell me when would someone making 2.5k ever receive a 10% bump for no particular reason at all?

Of course, 300k is not going to get you your bungalows or sports car but it is comfortable upper-middle class living. We talk about real wages here becauase MNCs has already accounted for that so what makes you think they'll still pay $300k 70-80 years later?

There's a reason why inequality is growing throughout the world, that's because the rich gets richer while the poor lags behind with inflationary pressures and stagnant wages.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote