For the Electricity Sector
1. Given that electricity tariffs are adjusted every quarter and
2. Given that the price of electricity is economically elastic, since that is the way the policy on usage and taxation treats electricity pricing
3. Given that Singapore is a free market economy where nothing should stand in the way of potential consumption (read as protectionism in its various forms) then:
It makes obvious sense and is highly recommended that the wages of those in the Electricity generation and distribution channels and networks be adjusted on a quarterly basis as well based on final consumption figures - just like the rates for consumers are adjusted every quarter.
For the Ministerial Sector (including Senior Civil Servants)
1. Given the gross (sic) implementation of the balanced scorecard system in the civil service and
2. Given the competitive (?) benchmarks used from the private sector to determine high level civil service pay then:
It only makes sense that the rest of the private sector system is implemented and this includes wage adjustments every quarter based on performance and KPI fulfillment of each and every Minister.
Also in light of recent private sector developments, perks such as flying First or Business class should now be revoked just like the for the majority of CEOs in the world now.
Jurong Bird Park 50th Anniversary visit
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At the beginning of the year, I read in the news that this year, Jurong
Bird Park would be celebrating it's 50th year anniversary and the entrance
fee woul...
3 years ago
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