Singaporeans' wage increase not par with cost of living

Some observations to share, but I'm no economics guru and merely making a layman analysis so please add on or correct me if I'm wrong:

Firstly, the wage increase may sound great and enticing. But put it alongside the skyrocketing costs of living, this wage increase becomes insignificant. For instance, I got a 90 buck pay rise, but this increase might have been good in the 1990s when costs of living were still affordable then and most people here could at least have some spare cash to spend on rare luxuries or other essentials, or simply add onto bank savings. In current context, this 90 bucks will be rapidly depleted on essential goods, meals and public transport. In the wake of electricity and public transport (impending) tariff hikes, this sum of money will be depleted even at a faster rate.

Second, I'm not sure what methodology the company used, but there is a need to distinguish between 'workers in Singapore' and 'Singaporean workers'. To foreign expats, especially those holding PMET jobs and even cushier occupations, this pay increase may be 'small change' and only amount to little compared to their already sizeable salaries. To foreign workers occupying low-skilled, blue-collared jobs, this increase paid in SGD will translate to a big deal back in their home currencies. But, for Singaporeans, this increase then becomes insignificant again, since wages are depressed already at a low base and stagnated over time for long.

Third, comparing the situation in Singapore with those in other Western countries is still a matter of comparing apples with oranges. In those countries, their wage structures are different, and for some, they have minimum wage to safeguard those low-skilled segments. Some vocations which are considered shunned by people due to the risks and unpleasantness (for instance, garbage cleaners, etc) might be paid higher than what we have here in Singapore, where the logic is somewhat distorted: the more unpleasant - which is associated to 'lowly' - jobs they are, the less they are paid for. In Singapore, when foreign labour factor is added in, the already low wages for such so-called 'lowly' jobs get even more depressed, such that any increase now still remains insignificant in the long run.

Ultimately, who're the ones enjoying the 'Swiss standards of living' and who're bearing the brunt of the 'Swiss costs of living' here? This is pretty clear to all.