Figures for income growth are wrong. Apples and oranges.
SGD2,296 refers to median household income in 1990. A fair comparison would be to compare it with the latest median household income, not median wage. The median household income is SGD9,520 in 2021, representing a ~315% nominal increase instead of 104% as indicated in the graph.
MistaKid t1_iw45wmn wrote
Reply to [OC] Housing has become increasingly unaffordable in Singapore, more so than in other high-cost cities by earthlymonarch
Figures for income growth are wrong. Apples and oranges.
SGD2,296 refers to median household income in 1990. A fair comparison would be to compare it with the latest median household income, not median wage. The median household income is SGD9,520 in 2021, representing a ~315% nominal increase instead of 104% as indicated in the graph.
https://www.nas.gov.sg/archivesonline/data/pdfdoc/2001020903.htm
https://tablebuilder.singstat.gov.sg/table/TS/M810361
The median wage is SGD1,094 in 1990, and SGD4,680 in 2021. A nominal increase of around 328%.
https://books.google.com.sg/books?id=AkGwCQAAQBAJ&pg=PA186&dq=singapore+median+wage+1990&hl=en&sa=X&ved=2ahUKEwiH_Ye6vKn7AhXVFbcAHZlVA-8Q6AF6BAgBEAI#v=onepage&q=singapore%20median%20wage%201990&f=false
(pg186 bottom for 1990 figures)
https://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx