Synopsis: The Straits Times' opinion editor Grace Ho takes a hard look at political and social issues of the day with her expert guests.  In this episode, the first of two parts, she looks at whether a family of four in Singapore needs $6,426 a month for a basic standard of living.  In the studio to explain the study and its methodology are Associate Professor Teo You Yenn, associate professor at the School of Social Sciences, Nanyang Technological University; and Dr Ng Kok Hoe, Senior Research Fellow and Head of the Case Study Unit at the Lee Kuan Yew School of Public Policy.  Highlights (click/tap above): 00:41: Is there a household budget that captures the lived realities of Singaporeans? What is the Minimum Income Standard? 04:55: Addressing criticisms of the study and its methodology 10:00 How is the Minimum Income Standard applied in the United Kingdom, and how does the UK decide what is a living wage? Read the article here: https://str.sg/wBJ3 Produced by: Grace Ho ([email protected]), Ernest Luis and Teo Tong Kai Edited by: Hadyu Rahim Follow In Your Opinion Podcast each month here: Channel: https://str.sg/w7Qt Spotify: https://str.sg/w7sV SPH Awedio app: https://www.awedio.sg/ Website: http://str.sg/stpodcasts Feedback to: [email protected]  Grace Ho's articles: https://str.sg/w7sr Read ST's Opinion section: https://str.sg/w7sH --- Discover ST's special edition podcasts: Singapore's War On Covid: https://str.sg/wsfD The Unsolved Mysteries of South-east Asia Embed: https://str.sg/ws76 Stop Scams: https://str.sg/wnBi --- Discover more ST podcast series: In Your Opinion Podcast: https://str.sg/w7Qt SG Extra Podcast: https://str.sg/wXz6 Asian Insider Podcast: https://str.sg/JWa7 Green Pulse Podcast: https://str.sg/JWaf Health Check Podcast: https://str.sg/JWaN #PopVultures Podcast: https://str.sg/JWad ST Sports Talk Podcast: https://str.sg/JWRE Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! See omnystudio.com/listener for privacy information.