so now you are richest man in the world

[3Boys]

WeiHan:

The problem with such a method of calculation is that Singapore’s population is much larger than our Resident Population. In mid 2010, we had 5.077 million on this island, of which only 3.772 million were Residents. And a great majority of the non-Residents hold work passes. In other words, they contribute to the GDP through work. How can we take into account their economic product, yet erase them when it comes to calculating GDP per capita?
===

Has this been proven? Or speculation? yawningbread fudges the data his own way on the way to his conclusions. Don't swallow everything lock-stock-barrel.

It's not semantics, you were definitive in trying to convey that Singapore has the highest (or thereabouts) of foreign participation in the workforce, which is plainly and obviously untrue, even when accounting for the imprecision of your comments.

Check your data and facts before you copy or interpret so one else's opinions, and you will less likely come off as uninformed.

I stand by my comment on the contempt of court issue, your original statement was again definitive with no nuance, as opposed to the blog you attributed to, which WAS nuanced.

[WeiHan]

3Boys:

Has this been proven? Or speculation? yawningbread fudges the data his own way on the way to his conclusions. Don't swallow everything lock-stock-barrel.

You will have to read his article and point out possible areas that he has erred in his analysis in order to prove that he has rpoven or is he just speculating.

I think is reasonable. The \"extreme\" in exchange rate that he used actually don't change the gist of the reasoning much.

3Boys:

It's not semantics, you were definitive in trying to convey that Singapore has the highest (or thereabouts) of foreign participation in the workforce, which is plainly and obviously untrue, even when accounting for the imprecision of your comments.

Singapore indeed has one of the highest \"non residential\" ( of course, is in term of percentage of total workforce we are refering to, can't be talking about absolute number, right? sorry for my imprecision again but I thought it is understood) participation in the workforce. It is even more so if we just consider the list of the ranking concerned.

[WeiHan]

3Boys:

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.

I think you should be the one that need to read the article carefully before you comment and criticize.

No where in the article did YB accuse the g'ment for fudging. But he did mention that the ST is using old style propaganda

==
Yet, the fact that our “nation-building” newspaper chose to highlight it on its front page shows how far removed it may now be from the typical Singaporean – that is, if my friends are representative of that. The newspaper is still engaging in old-style propaganda when its readers have changed. What to the Straits Times is welcome good news worthy of trumpetting is disgraceful gloating to its readers. Surely, a more assured recipe for losing customers, a newspaper can hardly design.
==

[3Boys]

WeiHan:

3Boys:

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.

I think you should be the one that need to read the article carefully before you comment and criticize.

No where in the article did YB accuse the g'ment for fudging. But he did mention that the ST is using old style propaganda

==
Yet, the fact that our “nation-building” newspaper chose to highlight it on its front page shows how far removed it may now be from the typical Singaporean – that is, if my friends are representative of that. The newspaper is still engaging in old-style propaganda when its readers have changed. What to the Straits Times is welcome good news worthy of trumpetting is disgraceful gloating to its readers. Surely, a more assured recipe for losing customers, a newspaper can hardly design.
==

Right, yawningbread is the paragon of balance.

He scoffs at the Knight Frank report, then he makes it a MSM issue, attributing motivations to ST (propaganda) which are speculative and unsubstantiated, an lastly, takes a swipe at the g'ment. In other words, he is telling the ST, DON'T report numbers that come across as \"Disgraceful Gloating\". Effectively, CENSOR the reports that will cause offense, otherwise, it is a \"recipe foe losing customers\"

The figures are not ST's, hey are from an independent body. That Singapore happens to be mentioned, is it not newsworthy? ST is to be castigated for publishing it?

What hypocrisy and double standards.

In what does trumpeting the statistic count as propaganda, if the nett effect is to arouse derision from the public at large? I think the g'ment would have much preferred ST NOT to have published it, in my view.

[Ichigokun]

Go overseas don’t let other people know we are Singaporean liao. Later they confirm 砍菜头.

[mamago]

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.

:goodpost: verykiasu2010 :goodpost:

[limlim]

SingDadNZ:

These are the same people who refuse to put a wheel chair friendly bus in our neighborhood even though I appealed to the bus company and the local MPs two years ago. Last year we spent more than a thousand dollars on taxi fare as my dad is unable to stand up due to damaged nerves. What do you think the problem is? Lack of financial resources or lack of empathy for the people who fell though the crack?? Where do you think my parents will be sleeping if we the children did not support them. :siao:

Can don't allow wheelchair friendly bus one meh? it is at the discretion of the bus company to introduce WAB rite?

[Irrelevant]

Hi 3Boys


You are indeed right to suspect Yawningbread's analysis. He started with a conclusion (maybe he is still sulking over the apology he had to make) and tried (albeit unsuccessfully) to justify it. He might be able to string a few words together but an economist or a student of economics he is not.

In case you are interested, please refer to:

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29_per_capita

and

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita

On a PPP basis, every country is compared against USA for a basket of goods/services. In Singapore's case, our cost of living is lower than that of USA. Therefore, there is a net positive adjustment and our GDP on a PPP basis would appear higher.

That is the simple explanation for the discrepancy that YB is experiencing. No government fudging is involved.

And his theory of PR or non residents helping to boost our GDP because they are not counted as part of the denominator is simply ridiculous.

[Funz]

SingDadNZ:

In every society there are people who fell through the crack in the system. There are people with heavy depression, addictions, physically and are emotionally handicapped. They just can’t function and be productive in a society and many due to old age. In the Asian society the family traditionally absorbs the burden and the cost of looking after the so called unproductive unmotivated members. The western society, it is a collective burden and that is why I pay 33% tax on my salary. A child is cut lose at 18 and are allowed to move out of the family home. A lot of help is given by the society through the taxes for them to make it on their own. Some fell through the crack but many go on to invent great things to make life better for their fellow beings, create mega business and discovered innovative breakthroughs in communication, in the medical field, technology and computers and internet that made all this possible.

Take an example of my 86 years old Singaporean dad. He was a very hard working man and the backbone of Singapore’s formative years. He started work when he was 14 and was retired as an electric fitter at age 55 in 1981. He put his children through university and two of them in London in the 1970’s. On his retirement, his last drawn salary was about $600 and a CPF saving about $25,000. As a child I have watched how hard my parents worked and saved. All his saving was spend on the children and managing a home. In the 31 years since his retirement assuming my mom and dad need about $800 per month (averaged out) to have a basic life style, has cost to date $297,600. That excludes more than $30,000 spent on hospitalization, medicine and dental care in the last 4-5 years. Where do you think the money came from? Many Singaporean will say why don’t they work as a cleaner in a hawkers stall or give out flyers on street corners (which is a common sight of aged people in Singapore). These are the same people who refuse to put a wheel chair friendly bus in our neighborhood even though I appealed to the bus company and the local MPs two years ago. Last year we spent more than a thousand dollars on taxi fare as my dad is unable to stand up due to damaged nerves. What do you think the problem is? Lack of financial resources or lack of empathy for the people who fell though the crack?? Where do you think my parents will be sleeping if we the children did not support them. :siao:

If NZ's or any western country's policies have not a single case of anyone falling through the cracks, I say adopt it immediately. But how possible is that?

Every policy crafted needs to address the masses and exceptional cases be dealt with separately.

You said it yourself, all your Dad's earnings are spent on raising his children, it is now the children's turn to give back some. I would rather my money go directly into supporting my own parents then for it to go to a common fund supporting the general public.

[3Boys]

Irrelevant:

Hi 3Boys


You are indeed right to suspect Yawningbread's analysis. He started with a conclusion (maybe he is still sulking over the apology he had to make) and tried (albeit unsuccessfully) to justify it. He might be able to string a few words together but an economist or a student of economics he is not.

In case you are interested, please refer to:

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29_per_capita

and

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita

On a PPP basis, every country is compared against USA for a basket of goods/services. In Singapore's case, our cost of living is lower than that of USA. Therefore, there is a net positive adjustment and our GDP on a PPP basis would appear higher.

That is the simple explanation for the discrepancy that YB is experiencing. No government fudging is involved.

And his theory of PR or non residents helping to boost our GDP because they are not counted as part of the denominator is simply ridiculous.

Thank you! :salute:

I am honestly quite tired of doing all the number crunching to 'disprove' so called analyses put forth by people with an axe to grind, more so since I am not in any way schooled in economics.

But it is quite shocking how gullible and selective people can be when faced with such things. I suppose if someone finds an article that fits ones view, the tendency is to swallow whole.

So much for the internet as a market place of ideas. Check, check and check again.