so now you are richest man in the world

[WeiHan]

3Boys:

KSP:

actually it says \"Singapore is now the richest country in the world \"


that does not mean the ppl are rich... :sad:

Errr....per capita GDP leh.

Actually it's quite shocking to me, considering how many low wage earners there are. But then we have a really high concentration of millionaires too....

That is why Singapore has one of the highest Gini coefficient.

Singapore has 400,000 workers with monthly income less than S$1500 (or S$1000?). That is 25-35% of total Singapore citizen workforce.

[SingDadNZ]

verykiasu2010:

http://singaporenewsalternative.blogspot.sg/2012/08/singapore-is-now-richest-country-in.html


the same news is on ST print copy front page next to panda picture

do you feel you are richer than before ?

I do not think that cleaners in Norway are paid $600 a month. I live in NZ and I had a plumber to fix my blocked sink and we knew him because his wife is the local doctor. Kiwis see any vocation as a valuable contribution to the wellbeing of a society and decent wages are paid so he and his family can afford a car, own a home and take holidays etc.

Singapore is a first world country on the world ranking with the mentality of a third world country. Yes, I am a Singaporean.

[SingDadNZ]

verykiasu2010:

3Boys:

[quote=\"KSP\"]actually it says \"Singapore is now the richest country in the world \"


that does not mean the ppl are rich... :sad:

similarly there are plenty of low wage earners in those countries right \"behind\" Singapore....they probably have more people sleeping in metro stations and side walk than in Singapore

[/quote]d

You don't see Singaporeans sleeping in Metro stations and side walks because they will be arrested with no alternative provided hence why you don't see them sleeping on our Metro Stations. If the same tolerance and compassion is offered to Singaporeans as in the western society , you will be swamped with homeless people. It is much cheaper is sleep in the Metro Station and there will be many takers in Singapore.

[Funz]

SingDadNZ:

You don't see Singaporeans sleeping in Metro stations and side walks because they will be arrested with no alternative provided hence why you don't see them sleeping on our Metro Stations. If the same tolerance and compassion is offered to Singaporeans as in the western society , you will be swamped with homeless people. It is much cheaper is sleep in the Metro Station and there will be many takers in Singapore.

If they really have no home and no alternatives, where will they go in order not to be arrested?

Compassion given in western society gave people that choice, so even if they can pay for room and board, they rather spend it on other stuff as they are allowed to sleep in the Metro Station or under some broadwalk.

Compassion can be given and should be given to the truly needy, not to those who are able and yet choose otherwise.

[WeiHan]

SingDadNZ:

verykiasu2010:

http://singaporenewsalternative.blogspot.sg/2012/08/singapore-is-now-richest-country-in.html


the same news is on ST print copy front page next to panda picture

do you feel you are richer than before ?

I do not think that cleaners in Norway are paid $600 a month. I live in NZ and I had a plumber to fix my blocked sink and we knew him because his wife is the local doctor. Kiwis see any vocation as a valuable contribution to the wellbeing of a society and decent wages are paid so he and his family can afford a car, own a home and take holidays etc.

Singapore is a first world country on the world ranking with the mentality of a third world country. Yes, I am a Singaporean.

That is the point many people have been driving at and many elites still don't get it.

We have policies that drive up living cost tremendously and yet we have 400,000 Singaporean citizen workers earning less than $1500 (or $1000) per month. And the elites say that it is OK and there is nothing unfair about it. Adding to the problem, we have a system that do not believe in social welfare. Spending in public education and public health care is the lowest in term of percentage of GDP.

[limlim]

Funz:

Compassion can be given and should be given to the truly needy, not to those who are able and yet choose otherwise.

Yup.. The govt don't give handouts freely.. but they do give a hand at times when the motivated needy needs it.

e.g. workfare bonus etc.. to encourage pple to be self sufficient and stand on their own. This is better than schemes that breeds or promotes laziness & reliance....

[verykiasu2010]

SingDadNZ:

You don't see Singaporeans sleeping in Metro stations and side walks because they will be arrested with no alternative provided hence why you don't see them sleeping on our Metro Stations. If the same tolerance and compassion is offered to Singaporeans as in the western society , you will be swamped with homeless people. It is much cheaper is sleep in the Metro Station and there will be many takers in Singapore.

so they go back and sleep at where they belong, be it their own place or some arrangements made by MCYS - if they accept help from MCYS.

why are we swamped with homeless people if we allow them to sleep in metro stations and side walk ? and not when it is disallowed ?

tolerance and compassion unchecked breeds abuses.

[WeiHan]

I thought you all have read this article


http://yawningbread.wordpress.com/2012/08/20/why-people-didnt-care-to-be-the-richest-country-in-the-world/

Not that i want to parrot it, I really see a few good points made in the article.

1. Singapore has the largest non-PR, non citizen, workforce in the world.The GDP per capita will appear much higher when gross GDP was divide by PR/citizen workforce only. In other words, the productivity of the non-pr/non citizen workforce has been taken into account into the total GDP but when calculating GDP per capita, the number from this workforce has been taken out causing a distorted illusion that our GDP per capita to look unusually high.

2. Median income is much lower than average income. i.e Gini coefficient is high.

3. Methodology not described leading to distorted portray of reality pointed out in point 1. MSM like ST chose to trumpet it with no deep analysis.

[3Boys]

SingDadNZ:

You don't see Singaporeans sleeping in Metro stations and side walks because they will be arrested with no alternative provided hence why you don't see them sleeping on our Metro Stations. If the same tolerance and compassion is offered to Singaporeans as in the western society , you will be swamped with homeless people. It is much cheaper is sleep in the Metro Station and there will be many takers in Singapore.

And show me evidence that there is even a shred of truth in what you are saying, that we will be \"swamped with homeless\" people.

So where are they now, swept under a carpet somewhere?

[3Boys]

WeiHan:

I thought you all have read this article


http://yawningbread.wordpress.com/2012/08/20/why-people-didnt-care-to-be-the-richest-country-in-the-world/

Not that i want to parrot it, I really see a few good points made in the article.

1. Singapore has the largest non-PR, non citizen, workforce in the world.The GDP per capita will appear much higher when gross GDP was divide by PR/citizen workforce only. In other words, the productivity of the non-pr/non citizen workforce has been taken into account into the total GDP but when calculating GDP per capita, the number from this workforce has been taken out causing a distorted illusion that our GDP per capita to look unusually high.

2. Median income is much lower than average income. i.e Gini coefficient is high.

3. Methodology not described leading to distorted portray of reality pointed out in point 1. MSM like ST chose to trumpet it with no deep analysis.

1) The most blatant falsehood I have yet to see you post. First, it is completely false (try some of the gulf states). Second, I read through the article quickly an nowhere did I see yawningbread say that we have the LARGEST non-PR, non-citizen workforce in the world.

If you read carefully what he posted, he also did not SAY that that the g'ment HAD taken out the non-citizen workforce from the denominator in it's calculation, but merely that he was UNCERTAIN whether they had been included. And even when he used the the worst case scenario calculation from 2010, we are still around Australia or slightly ahead, which still puts us in the top 5 or 6. Is that such a bad thing?

<edit - I have now re-read his article a third time, and as much as he says the g'ment fudges numbers, his method is very suspect also, being selective and taking the extremes of exchange rate and population calculation to arrive at his pre-conceived conclusions>

2) GINI I agree with you is dreadful in SG.

You are STILL NOT checking your facts, in fact, you are now mis-representing what other people are saying. Here and in your other post about contempt of court, complete mis-representations and a disservice to the people you purport to support.

One more edit - On one more reading, he concedes that this is data that originates from a private company, but he lays the blame on the g'ment for fudging. All one big smokescreen.