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Elite Sinkie like to compare with peers

makapaaa

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<TABLE id=msgUN border=0 cellSpacing=3 cellPadding=0 width="100%"><TBODY><TR><TD id=msgUNsubj vAlign=top>Coffeeshop Chit Chat - Elite Sinkie like to compare with peers </TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>BART (cfkm) <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Apr-5 1:44 pm </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 4) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>31150.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Elite Sinkie like to compare with peers on their 'wealth' being!
Apr 4, 2010
High price of peer pressure
By Fiona Chan

A friend recently bought an apartment and e-mailed me to tell me the good news.

'Did I tell you I finally bought a place? It's in Bukit Timah,' he said. 'Have you bought yours yet?'
'Congratulations,' I replied. 'Yup, we bought an apartment just across the road from our old place.'

'Huh? Why don't you want to move somewhere else?' he asked.

'Well, I really like our location,' I said. 'It's quite close to town and the traffic there is smooth.'

'I prefer Bukit Timah,' came the quick response. 'I think my location is better.'

The rest of the conversation was about how much I had paid for my home, down to the dollar amount per sq ft ('Mine is cheaper,' my friend said); what loan I had taken ('I guess you're more conservative than I am'); and which contractor I was using for my renovations ('Send me your quote, I want to see if mine is better').

By the time I'd finished talking to him, I felt as exhausted as if I had run a marathon - against someone who had decided from the get-go that I had already lost.

Some call it a rat race. To me, it feels more like a shooting competition, only using your friends as targets.

Of course, most of the conversations I have with my friends about Important Life Decisions don't go like this.

While we sometimes compare cars, homes and diamond rings, invariably we all end up assuring others that they've made the best decisions for their own lives. That's what friends are for, after all.

But every once in a while, one of my peers will interrogate me on my lifestyle in a way that makes me feel like there's an invisible but giant scoreboard in the sky.

Not only do they want to know everything I've bought and how much I paid, but they also want to tell me why their choices were all better than mine.

My new home is 10 minutes from Orchard Road? Theirs is 81/2 minutes away. I can walk to the MRT from my place? They'll have an MRT station too, you know - in 2020. And a new hospital nearby. And a park connector.

Wait till you have children, one of my friends told me. The comparisons will get 10 times worse: 'So how's your kid doing? Mine's taking Japanese and Arabic classes, got his Grade 8 in piano last month, and has taken up abstract painting.'
Most of the time, these hyper-competitive conversations are as amusing as they are annoying. But having too many of them can make it feel like the natural process of becoming an adult has turned into a dispiriting game of one-upmanship.

To be fair, it's not hard to understand this behaviour.

For years, my peers and I went through pretty much the same life experiences: We attended the same schools, had the same extracurricular activities, and were mostly offered the same opportunities.

But despite these shared paths in youth, not everyone is finding his first steps in adulthood equally easy.

Some save up for a few years to buy their first flat in Sengkang, and then wait three more years for it to be ready. Others, often with their parents' help, drive BMWs and think nothing of buying a million-dollar condominium for their first home.

To make things worse, even though my former classmates and I may have done similarly well in school, in many cases our income levels started diverging almost from the moment we started work.

This isn't necessarily because some of us work harder or are smarter than the rest, but simply because different industries and companies pay differently, and sometimes all it boils down to is being in the right place at the right time.

So it's little wonder that people in my generation, born and bred on a diet of meritocracy, are finding it hard to swallow any disparity in starting pay and starter assets.
To reassure themselves that they're still on the right track, they constantly compare themselves with their peers. In the process, sometimes unconsciously, they end up putting everyone else down.

It's been drilled into us that we should not judge someone by his possessions and just be content with what we have. But in real life, this state of zen is almost impossible to achieve, especially when you're counting the days to your next pay cheque while your friends have lost count of the designer stuff they own.

Still, life doesn't have to be a zero-sum game. For people my age, it wasn't so long ago when having a friend with a big house meant only one thing: more room in which all of us could play.

Among my closest friends, one person's windfall still has a way of becoming everyone's good fortune. Whoever is earning more or has just received a big bonus will insist on paying for dinner, and those who live in bigger or centrally located houses usually offer to host gatherings.

This can only happen because we're all open with one another about how much we earn and spend - and that is in turn possible only because we don't see our friends' successes as somehow being a reflection on our own failures.

Of course, this harmony may not last after we all have kids. So I'm going to train mine to play the ukulele and become experts in lawn croquet.

That way, the only thing they'll ever be able to compare with their peers meaningfully is how lousy their parents were.

[email protected]
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This isn't necessarily because some of us work harder or are smarter than the rest, but simply because different industries and companies pay differently, and sometimes all it boils down to is being in the right place at the right time.

Singapore's World Records
On this small island lives the 30 best-paid politicians in the world, comments a blogger. MySingaporeNews.
Apr 3, 2009
As the economic crisis worsens and thousands are being retrenched, the huge salaries of Singapore's political leaders have come under the spotlight not only here - but overseas.
With G20 leaders gathering in London to work out solutions to the global crisis, the Times compiled a list of "the 10 best-paid politicians in the world" - naturally with Singapore's Prime Minister Lee Hsien Loong taking the top spot.
The story was picked up by The Australia, which also works out their salaries when ranked against population.
Mr Lee earns S$3.76 million (US$2.47 million) a year, excluding bonuses, allowances, pensions, etc which add on a significant bit.
This is about 54 cents per head of population. In second position was his counterpart from New Zealand at 9 cents. The rest of the world are all down there, below even the lowest-ranking minister in Singapore.
But Singaporean blogger redbean's "My Singapore News" carries a calculation from its reader, Green Peas, expanding on the UK and Australian reports.
It pointed out that the world's 30 best-paid politicians (a definition that will include ministers, elected president, etc) are all from Singapore.
Here's what the blogger says:
The TOP 30 highest paid politicians in the world are all from Singapore:
1. Elected President SR Nathan - S$3.9 million.
2. Prime Minister Lee Hsien Loong - S$3.8 million.
3. Minister Mentor Lee Kuan Yew - S$3.5 million.
4. Senior Minister Goh Chok Thong - S$3.5 million.
5. Senior Minister Prof Jayakumar - S$3.2 million.
6. DPM & Home Affairs Minister Wong Kan Seng - S$2.9 million.
7. DPM & Defence Minister Teo Chee Hean - $2.9 million
8. Foreign Affairs Minister George Yeo - S$2.8 million.
9. National Development Minister Mah Bow Tan - S$2.7 million.
10. PMO Miniser Lim Boon Heng - S$2.7 million.
11. Trade and Industry Minister Lim Hng Kiang - S$2.7 million.
12. PMO Minister Lim Swee Say - S$2.6 million.
13. Environment Minister & Muslim Affairs Minister Dr Yaccob Ibrahim - S$2.6 million.
14. Health Minister Khaw Boon Wan - S$2.6 million.
15. Finance Minister S Tharman - S$2.6 million.
16. Education Minister & 2nd Minister for Defence Dr Ng Eng Hen - S$2.6 million.
17. Community Development Youth and Sports Minister - Dr Vivian Balakrishnan - S$2.5 million.
18. Transport Minister & 2nd Minister for Foreign Affairs Raymond Lim Siang Kiat - S$2.5 million.
19. Law Minister & 2nd Minister for Home Affairs K Shanmugam - S$2.4 million.
20. Manpower Minister Gan Kim Yong - S$2.2 million.
21. PMO Minister Lim Hwee Hwa - S$2.2 million.
22. Acting ICA Minister - Lui Tuck Yew - S$2.0 million.
23 to 30 = Senior Ministers of State and Ministers of State - each getting between S$1.8 million to S$1.5 million.
Note: 1. The above pay does not include MP allowances, pensions and other sources of income such as Directorship, Chairmnship, Advisory, Consultancy, etc to Gov-linked and gov-related organisations or foreign MNCs such as Citigroup, etc.
2. Though it is based on an estimate, the data cannot be far off the official salary scales.
The above was posted in redbeanforum by Green Peas.
(London Times report: http://timesbusiness.typepad.com/mon...the-world.html)
http://mysingaporenews.blogspot.com/...icians-in.html
 
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