My 25-year-old friend lamented to me recently, “I was so happy to start my working life, then I had to read the news.”
He was referring to the recent news about higher starting salaries for graduates in Singapore. According to a survey, the median monthly gross salary for fresh graduates in full-time jobs was S$4,200 in 2022, up from S$3,800 in 2021.
I told my young friend, “I know how you feel. At least you have a regular full-time job. You are not jobless like me!” He cheered up a little but I knew my words were scant comfort. Many of us also judge our self-worth by how much we earn. We are taught to achieve upward mobility, to get to the next level of society. The pursuit of a better income is not wrong, but it can go awry.
To avoid panicking in a time of job loss, do not think about how much you should earn. Instead, think about how much you need.
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