Many developing states create massive applicant queues by paying civil servants above market, then rationing entry with exams. Singapore flips this: it pays market rates to the broad civil service and pegs only a few top officials to private‑sector elites, so supply meets demand without exams. This reduces rent-seeking and the talent drain from the private economy.
— It warns policymakers that imitating Singapore by simply 'paying more' will backfire unless pay is market-aligned broadly and de‑compressed only at the top.
Alex Tabarrok
2025.08.27
100% relevant
Singapore’s teachers earn ~70–80% of GDP per capita (market wages) and fewer than 500 elite officials are pegged to the top 1,000 citizen earners; no mass exam gating is needed.
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