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Singapore’s Pay Model Isn’t India’s: Market Wages vs. Civil-Service Rents
marginalrevolution.com/marginalrevolution/2025/08/singapores-pay-model-isnt-indias-market-wages-vs-civil-service-rents.htmlIn my post How High Government Pay Wastes Talent and Drains Productivity I pointed to evidence that high government compensation in poorer countries creates tremendous waste and drains the private sector of productive talent. A reader asked: What about Singapore?—famous for paying its top…
This story appeared on marginalrevolution.com, 2025-08-27 11:19:37.