Social Mobility Concerns and Policy Signals

The latest paper from the Ministry of Finance shows Singapore’s wealth inequality exceeds income inequality, while median household incomes continue to rise. Elsewhere, a cleaner was dismissed by BreadTalk after a viral video showed them cleaning store shelves with a broom.

𝗧𝗘𝗟𝗟 𝗬𝗢𝗨 𝗙𝗜𝗥𝗦𝗧 𝗦𝗲𝗮𝘀𝗼𝗻 𝟮
Check out the second season of our edutainment podcast that dives into a fascinating array of topics you never knew you needed to know! This week, we are joined by Gurmit Singh as we talk about his legendary character Phua Chu Kang, including how he went from rehearsing in a storeroom to performing in front of royalty!

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𝗢𝗻𝗲 𝗦𝗵𝗶𝗼𝗸 𝗧𝗵𝗶𝗻𝗴

• Terence: SINGLE’S INFERNO SEASON 5 | Official Teaser
• Haresh: PARIS - 3D TIMELAPSE - 300 BCE to 2025

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(00:00) TELL YOU FIRST S2
(01:20) Intro
(09:35) Wealth Inequality in Singapore
(37:40) BreadTalk Worker Fired Over Viral Cleaning Video
(51:36) One Shiok Comment
(54:43) One Shiok Thing

𝗖𝗼𝗺𝗺𝗲𝗻𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗲𝗽𝗶𝘀𝗼𝗱𝗲!
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𝗙𝗼𝗹𝗹𝗼𝘄 𝘂𝘀 𝗼𝗻 𝗼𝘂𝗿 𝘀𝗼𝗰𝗶𝗮𝗹𝘀
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𝗧𝗼𝗽𝗶𝗰𝘀 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗘𝗽𝗶𝘀𝗼𝗱𝗲:
Wealth Inequality in Singapore

• Singapore's wealth inequality higher than income gap, comparable to other advanced economies
• Wealth inequality higher than income inequality in S’pore, says Finance Ministry paper
• Occasional Paper on Income Growth Inequality and Social Mobility Trends in Singapore (MOF)
• PM Wong on Singapore's progress with income equality and social mobility
• Singapore's median monthly household income crosses S$12,000, up 6.8% after adjusting for inflation
• Singapore to include non-wage income in household reports
• Singapore’s richest hold more wealth than bottom 80% combined

BreadTalk Worker Fired Over Viral Cleaning Video

• Worker who cleaned BreadTalk display shelves with broom dismissed

𝘔𝘪𝘤𝘴 𝘢𝘯𝘥 𝘏𝘦𝘢𝘥𝘱𝘩𝘰𝘯𝘦𝘴 𝘧𝘳𝘰𝘮 @𝘴𝘩𝘶𝘳𝘦
𝘌𝘥𝘪𝘵𝘦𝘥 𝘢𝘯𝘥 𝘮𝘪𝘹𝘦𝘥 𝘣𝘺 𝘛𝘳𝘪𝘴𝘵𝘦𝘯 𝘠𝘦𝘢𝘬