Thursday, May 10, 2007

ministerial salaries

After reading the articles, I agree strongly that Singapore needs to keep grooming new talent to take over the running of Singapore. Without natural resources, we lose out to many other countries. The only way we can survive at this age of globalisation is to maximise our own human resource- manpower. Indeed, with manpower, a country can do equally well if not better than other countries which have natural resources. In this aspect, Singapore has definitely proven it to be true.

In my opinion, the ministerial pay hike has more pros than cons. Firstly, we need ministers of top quality to run the government to ensure that Singapore is in safe hands. In this modernised era, people can emigrate and leave Singapore easily.If we do not have incentives to attract top talent, Singapore may easily lose the ministers who are always forward-looking and highly efficient . Top talent are in high demand by other countires. Hence, in order to make these talent to stay ministerial pay hike is inevitable. Singaporeans most probably object to it as the ministers' pay still come from the taxpayers. Despite the fact that Singaporeans have to pay even more for their salaries, Singaporeans should understand that in order for Singapore to progress even further, salaries must increase to make top talent stay in Singapore. Moreover, an increase of $20 million for the ministers' pay is nothing as compared to what it brings- a $4 trillion economy. We should always look at the long-term benefits instead of the short-term ones. Initially, one may feel that it is unnecessary to pay more for the ministers' salaries but later on, everyone will enjoy the fruits of success together as one country once a booming economy is driven by good governance.

1 comment:

munchee said...
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