Occasional Paper on Inequality Released

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.

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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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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