It's really heartbreaking to know that in other countries, workers earn huge pay that allow them to live comfortable lives. In the Philippines, unless you are politician or a member of a business family, you will have a slight chance of living a comfortable existence.
In Singapore for instance, PhilippineNewsNetwork.com reported that fresh college graduates earn an average monthly starting salary of USD2,200. That is around P90,000 for a starting pay. Not even the president of the Philippines get that much salary a month.
Singapore practices "hyper wage". Which means workers are given huge salary so they will have more buying power, which in turn stirs the economy. If you have give a worker comfortable salary that will allow him or her to buy the latest gadgets or an expensive clothing, that worker will surely buy that gadget and that cloth.
That means, business will enjoy great sales because people have buying power. That's what we need in the Philippines - hyper wage. Raise the salary of the Filipino workers and the economy will surely further expand.
To read more about Singapore's salary, click here
