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Thursday, 08 July 2010 |
The Economist
Leaders of the fee world: How much a country's leader is paid compared to GDP per person
On Monday July 5th Raila Odinga, Kenya's prime minister, rejected the pay increase he was awarded by the country's parliament last week. MPs had granted Mr Odinga a rise to nearly $430,000 a year, while giving themselves a 25% increase to $161,000. This boost would place Mr Odinga among the highest-paid political leaders in the world. More worryingly, his salary would be some 240 times greater than the country's GDP per person (measured on a purchasing-power parity basis). Lee Hsien Loong, the prime minister of Singapore, tops our list of selected leaders' salaries. He is paid more than 40 times the city-state’s GDP per person. At the other end of the scale, Manmohan Singh, the prime minister of India, reaffirms his reputation for saintliness by taking a modest sum from Indian taxpayers.

Correction: We originally understated the salary of the prime minister of Canada. This was revised on July 6th 2010.
http://www.economist.com/node/16525240?story_id=16525240&fsrc=rss
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Danny the Democracy Bear
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 Now available online here! |
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Awesome Words
“We are all in the gutter, but some of us are looking at the stars.” Oscar Wilde
News feeds
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For a glaring instance, why are brows raised when pastors take million dollar salaries?
However "talented" they might claim and need to be, and whatever equivalent pay they might claim capable of getting elsewhere, we think million dollar pay would ill-suit them for the function of their calling, which require them, say, to be living examples and inspirational of their wards towards love and sacrifice for others, following the One they preach who "had nowhere to lay his head".
So, too, political leaders are to be "dedicated", whose function is importantly also to identify with and inspire the people, the vast majority being common earners of, in Singapore, one to two thousand dollars a month. Taking a pay of eight million a year (bonus and all added), rather than support their performance (which is what salaries are meant for), instead disqualify for it.
True, we need people who "can do" at the top, but those unwilling to serve with moderated pay suited to their calling CAN'T DO in a crucial aspect of their office.
True, the CEO of Singtel and Keppel earn the same, but it isn't their essential task to, for instance, carry the ground with them, visiting two room or three flats empathising with the problems and sharing the suffering of the common man.