so, the government has given the civil servants another pay rise.
they are all rejoicing now - praising the government for being sensitive to their needs during this difficult time. some even added it'll motivate them to be more productive.
and don't expect the private corporations or self-employed people not to do anything about it. expect your neighbourhood char kuay teow hawker to start raising his prices or reducing his portions. why should he sit still & watch while the millions on government payroll reap the benefits? then the public transport companies will raise their fares, car repairs will be more expensive, price of supermarket items will trend upwards & your salon will charge more for haircuts/perms/highlights.
it's a vicious cycle we are all caught in.
and yes, don't be surprised if your medical bills start to climb, too.
but then, this could all be just conjecture. after all, i have no training in economics.