PAP Spin - Where got income inequality?

[winnipegjets]

Income inequality here at its lowest\

Most households here earned more last year, with incomes rising amid a tight labour market and government help for low-wage workers. The exception was the richest households, which saw their incomes fall. This resulted in the income gap narrowing, with the Gini coefficient - a widely used measure of income equality - showing the lowest inequality since 2004.

With the effect from various government taxes, handouts and subsidies factored in, it was the lowest on record. This was according to a Department of Statistics report on Feb 18, which covered households headed by Singapore citizens or permanent residents, and with at least one working person.

Median monthly household income from work rose to $7,872, meaning that half of households earned at least that much. This was up 4 per cent from 2012, or 1.6 per cent after accounting for inflation.

Taking household size into account, the gains were greater. Median income per household member went up 5.6 per cent, or 3.2 per cent after inflation. Income gains were across the board - except at the very top. In the top one-tenth, average income per household member fell by 5.2 per cent in real terms.

Economists said high-income earners tend to have larger variable pay components, meaning bigger annual fluctuations.

Bonuses last year would have been smaller owing to 2012's weak economic performance, said Barclay's economist Joey Chew.

Apart from the top 10 per cent, all other groups saw household incomes rise both before and after accounting for inflation.

 

[winnipegjets]

Median monthly household income from work rose to $7,872, meaning that half of households earned at least that much. This was up 4 per cent from 2012, or 1.6 per cent after accounting for inflation.

This data is fishy ...take-home median income was $1700 in 2012. How many people in a household?

 

[laksaboy]

Someone is lying about income inequality, and I'll let you decide for yourself who's fibbing.

http://thehearttruths.com/2013/02/2...me-inequality-compared-to-the-oecd-countries/

 

[batman1]

The pap is trying to argue n brainwash sinkees that the earth is square.lol...

 

[oli9]

PAP analysts are really screwed up.

Just look at those household who owns more than 1 car & those who is still clamoring for one. No income inequality? Go suck ah meng's balls.

 

[fedup]

Median monthly household income from work rose to $7,872, meaning that half of households earned at least that much. This was up 4 per cent from 2012, or 1.6 per cent after accounting for inflation.

Median household income rose 4% from 2012, or 1.6% after deducting inflation. Means inflation is 4% - 1.6% = 2.4%?

2.4% inflation only from 2012 to 2014? wu niar bo

 

[laksaboy]

Median monthly household income from work rose to $7,872, meaning that half of households earned at least that much. This was up 4 per cent from 2012, or 1.6 per cent after accounting for inflation.

Median household income rose 4% from 2012, or 1.6% after deducting inflation. Means inflation is 4% - 1.6% = 2.4%?

2.4% inflation only from 2012 to 2014? wu niar bo

You can fudge the inflation rate just like you can fudge unemployment stats. For inflation rate it is simple: just be extra selective of the 'basket of goods' you choose for your calculations.

 

[I_Hate_Pappies]

Median monthly household income from work rose to $7,872, meaning that half of households earned at least that much. This was up 4 per cent from 2012, or 1.6 per cent after accounting for inflation.

Median household income rose 4% from 2012, or 1.6% after deducting inflation. Means inflation is 4% - 1.6% = 2.4%?

2.4% inflation only from 2012 to 2014? wu niar bo

They can bullshit all they want. The people on the street know exactly what's going on.