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[Sg video] - Food Delivery ebike ignores red light, crashes into primary school student crossing road

MOM data: Education pays in Singapore as median salary for degree holders hits S$8,650​

Michael Petraeus
Michael Petraeus
38 mins ago
mom-labour-force-2024-1024x538.jpg

Disclaimer: Unless otherwise stated, opinions expressed below belong solely to the author. Data sourced from the Ministry of Manpower.
The Ministry of Manpower (MOM) released the Labour Force in Singapore 2024 report a few days ago, providing a summary of the labour market trends over the past year.

Among many findings, it contains interesting data on the incomes of the most educated Singaporeans, which shows that pursuing a university degree is still a worthwhile investment.

S$3,000+ above the rest

The figure that is typically reported is the national median, which in 2024 was S$5,500. It is, however, the least relatable and informative since it pools all Singapore residents together—from the elderly standing in for family members at a hawker stall to multimillionaires.

Meanwhile, educational background provides a better context because it allows you to see yourself among people who pursued a similar path.

Last year, degree holders maintained their leadership over the rest (or, rather, the broad median for the entire society they too are a part of) at over S$3,100, with the median employment income reportedly hitting S$8,656.

This means that half of them make more than that.

median gross monthly income singaporeImage Credit: Ministry of Manpower Singapore
Interestingly the distance between the best educated and the national median has been quite stable over the past decade, hovering around S$3,000 on most years. This means that it has relatively shrunk in proportion.

However, at the same time, the share of degree holders in the workforce has increased quite significantly.

In other words, even though the nominal ca. S$3,000 advantage may be relatively smaller today than it was a decade ago, far more Singaporeans are able to enjoy it.

From just one-third in 2014, their share has increased to over 40% and, at this pace, should reach half of all workers within the next five years or so (aided, in part, by older, less educated generations retiring).


singapore labour force highest qualification

S$9,000 in 2026, S$10,000 by 2030

Given last year’s jump of over S$460, it’s possible that the round S$9,000 could be broken as early as this year and certainly no later than 2026. This would put degree holders on track to a median of S$10,000 within the next five years.

This is despite the global decrease in the importance of academic qualifications, which has also been registered in Singapore in the past few years.

It seems that even if your employer doesn’t care about your degree, you still are primed for a better job and higher salary than those who did not complete advanced education.

Perhaps it’s not down to specific skills obtained at school (with the exception of practical degrees in fields like engineering, science or medicine, perhaps) but the intellectual capacity that is exhibited by most of those who pursue a degree.

Whatever the reasons, the numbers suggest it is still far better to complete it than not.

MOM data: Education pays in Singapore as median salary for degree holders hits S$8,650

Michael Petraeus
Michael Petraeus

38 mins ago
mom-labour-force-2024-1024x538.jpg

Disclaimer: Unless otherwise stated, opinions expressed below belong solely to the author. Data sourced from the Ministry of Manpower.
The Ministry of Manpower (MOM) released the Labour Force in Singapore 2024 report a few days ago, providing a summary of the labour market trends over the past year.
Among many findings, it contains interesting data on the incomes of the most educated Singaporeans, which shows that pursuing a university degree is still a worthwhile investment.

S$3,000+ above the rest

The figure that is typically reported is the national median, which in 2024 was S$5,500. It is, however, the least relatable and informative since it pools all Singapore residents together—from the elderly standing in for family members at a hawker stall to multimillionaires.
Meanwhile, educational background provides a better context because it allows you to see yourself among people who pursued a similar path.
Last year, degree holders maintained their leadership over the rest (or, rather, the broad median for the entire society they too are a part of) at over S$3,100, with the median employment income reportedly hitting S$8,656.
This means that half of them make more than that.
median gross monthly income singapore
Image Credit: Ministry of Manpower Singapore
Interestingly the distance between the best educated and the national median has been quite stable over the past decade, hovering around S$3,000 on most years. This means that it has relatively shrunk in proportion.
However, at the same time, the share of degree holders in the workforce has increased quite significantly.
In other words, even though the nominal ca. S$3,000 advantage may be relatively smaller today than it was a decade ago, far more Singaporeans are able to enjoy it.
From just one-third in 2014, their share has increased to over 40% and, at this pace, should reach half of all workers within the next five years or so (aided, in part, by older, less educated generations retiring).
singapore labour force highest qualification

S$9,000 in 2026, S$10,000 by 2030

Given last year’s jump of over S$460, it’s possible that the round S$9,000 could be broken as early as this year and certainly no later than 2026. This would put degree holders on track to a median of S$10,000 within the next five years.
This is despite the global decrease in the importance of academic qualifications, which has also been registered in Singapore in the past few years.
It seems that even if your employer doesn’t care about your degree, you still are primed for a better job and higher salary than those who did not complete advanced education.
Perhaps it’s not down to specific skills obtained at school (with the exception of practical degrees in fields like engineering, science or medicine, perhaps) but the intellectual capacity that is exhibited by most of those who pursue a degree.
Whatever the reasons, the numbers suggest it is still far better to complete it than not.
 
I keep telling schoolgirls not to wear skirts too high revealing thighs and all that. It's dangerous.
 
I keep telling schoolgirls not to wear skirts too high revealing thighs and all that. It's dangerous.
no dangerous lah .... schoolgirls underage and will kenna beat backside if do naughty with them .... almost all wont dare one. :whistling:
 
This illustrates the fact that ebikes are a lot safer compared to cars. If the ebike rider had been driving a car the girl would either be seriously injured or dead.
 
I blame the PAP regime for shutting down the Road Safety Park at East Coast Park. Kids do not know how to cross a road properly... in fact, I bet many of the younger parents and teachers don't know how to either.

 
Sinkies do not wait to see if the vehicles stop. They trust the traffic lights just like they do with the government.
That's true. Because their parents vote for PAP and they will vote for PAP. End up, from tio scam to get knock down at traffic junctions
 
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