Wednesday, December 1, 2010

Median Monthly Income Goes Up

A survey by the Ministry of Manpower finds that the median monthly income of full time resident workers have risen by 4.2% to $2,710 this year. This is compared to $2,600 for the previous year.

The data for median gross monthly income for the full-time employed (less full-time national servicemen) are as follows:

2006: $2,170
2007: $2,330
2008: $2,590
2009: $2,600
2010: $2,710

CIMB-GK regional economist Song Seng Wun noted that real wage growth was "just barely keeping pace with inflation".


2 comments:

  1. Mine definitely is NOT keeping up with inflation! Grrr....

    ReplyDelete

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