Are you ready for 7 million people on tiny Singapore?
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pirate:
bcoz that question is technically wrong?
Aiyoyo! The question is too high brow. They should have asked, \"If there is a reduction in the number of foreigners, will you accept lower pay and bonuses, and higher prices?
If there is a reduction in FT and no wage suppression, salary could go up!
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limlim:
Ok lor. You tell us for the last 5-10 years, you never received any bonus or any increment hor. Even that 13th month pay is a bonus har (unless it is provided in your employment contract).
Probably most Singaporean never really gotten more bonuses and increments as a result of the economic growth.. other than the ministers whose pay is pegged to GDP.. and biz owners of course..pirate:
Oh, I see. So we have enjoyed the presence of fewer construction workers, gotten our salaries and bonuses from a more economic activity than would have been the case had the population been \"properly planned\" the last few years. Ok lor. Singaporeans should give back the last 5-10 years of their bonuses and increments.
All these arguments too high brow. I put it in layman terms so people can understand better. :evil:
For most of us.. Give back those due to impressive economic growth? sure.. take it.. $1~$10 perhaps.. Give it all back.. ζδΈη¨η½γγ
After that, I will tell you to change jobs.
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limlim:
Sure it can. For the construction worker, waiter, cashier etc...
bcoz that question is technically wrong?pirate:
Aiyoyo! The question is too high brow. They should have asked, \"If there is a reduction in the number of foreigners, will you accept lower pay and bonuses, and higher prices?
If there is a reduction in FT and no wage suppression, salary could go up! I am all in favour of reduction of FWs/FTs in these sectors. I have always said that the lowest segments of our labour force are underpaid.
But don't kpkb when the price of kopi etc goes up.
PS. Tharman just announced that there will be further tightening of dependency ratio, workpasses etc. All the PMEs, don't be surprised when your head office/towkay dumps that problem on your desk hor or tells you that you have to relocate to Vietnam/PRC/Malaysia if you want to keep your cushy aircon PME job. :evil: -
pirate:
Ok lor. You tell us for the last 5-10 years, you never received any bonus or any increment hor. Even that 13th month pay is a bonus har (unless it is provided in your employment contract).
Probably most Singaporean never really gotten more bonuses and increments as a result of the economic growth.. other than the ministers whose pay is pegged to GDP.. and biz owners of course..limlim:
[quote=\"pirate\"]Oh, I see. So we have enjoyed the presence of fewer construction workers, gotten our salaries and bonuses from a more economic activity than would have been the case had the population been \"properly planned\" the last few years. Ok lor. Singaporeans should give back the last 5-10 years of their bonuses and increments.
All these arguments too high brow. I put it in layman terms so people can understand better. :evil:
For most of us.. Give back those due to impressive economic growth? sure.. take it.. $1~$10 perhaps.. Give it all back.. ζδΈη¨η½γγ
After that, I will tell you to change jobs.[/quote]My bonus and increment has NOTHING to do with the accelerated economic growth.. :evil:
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pirate:
Sure it can. For the construction worker, waiter, cashier etc...
bcoz that question is technically wrong?limlim:
[quote=\"pirate\"]
Aiyoyo! The question is too high brow. They should have asked, \"If there is a reduction in the number of foreigners, will you accept lower pay and bonuses, and higher prices?
If there is a reduction in FT and no wage suppression, salary could go up! I am all in favour of reduction of FWs/FTs in these sectors. I have always said that the lowest segments of our labour force are underpaid.
But don't kpkb when the price of kopi etc goes up.
PS. Tharman just announced that there will be further tightening of dependency ratio, workpasses etc. All the PMEs, don't be surprised when your head office/towkay dumps that problem on your desk hor or tells you that you have to relocate to Vietnam/PRC/Malaysia if you want to keep your cushy aircon PME job. :evil:[/quote]That's the problem with govt and some pple.
When we complain about FT and EP jobs, they go can cut the FW and foreign labour for jobs that companies have difficulty finding workers.
As long as there is FW to fill job vacancies that Singaporean workers shun, the companies will be able to survive and skilled workers need not worry about jobs. At the same time, they can cut down reliance on FTs
win-win. -
Not necessarily, pirate. They can still hire foreign talent if the job requires relocation to countries that Singaporeans are unwilling to move to.
Anyway, I do have friends who travel frequently for work and know of families that have relocated to countries like China. Letβs not assume that only foreigners are willing to travel or relocate. The companies just need to hire the right Singaporeans and offer the right benefits. -
Mdm Koh:
I never say all Singaporean PMEs unwilling. I am sure those who are willing to do so are highly capable, motivated and resilient.Not necessarily, pirate. They can still hire foreign talent if the job requires relocation to countries that Singaporeans are unwilling to move to.
Anyway, I do have friends who travel frequently for work and know of families that have relocated to countries like China. Let's not assume that only foreigners are willing to travel or relocate. The companies just need to hire the right Singaporeans and offer the right benefits.
I only say the PMEs back home should not be surprised if the head office/towkay drops the problem on their desks. Isn't figuring out how to improve productivity the PMEs' jobs?
Anyway, if any of our PMEs have to relocate to other countries, they are no longer locals. They become the FT... over there. Then they can enjoy competing over there on a \"level playing field\" with Malaysian, Indian and PRC FTs. :evil: -
limlim:
You have the numbers meh?pirate:
PS. Tharman just announced that there will be further tightening of dependency ratio, workpasses etc. All the PMEs, don't be surprised when your head office/towkay dumps that problem on your desk hor or tells you that you have to relocate to Vietnam/PRC/Malaysia if you want to keep your cushy aircon PME job. :evil:
That's the problem with govt and some pple.
When we complain about FT and EP jobs, they go can cut the FW and foreign labour for jobs that companies have difficulty finding workers.
As long as there is FW to fill job vacancies that Singaporean workers shun, the companies will be able to survive and skilled workers need not worry about jobs. At the same time, they can cut down reliance on FTs
win-win.
From the Budget Statement:[quote]C.12. We slowed down the increase in our foreign workforce in 2012 compared to the previous two years, but it was still rather high β 67,000. However, most of the growth in the foreign workforce was seen in just two areas of the economy: the Construction and Process industries, and the Services sector. In Manufacturing, there was in fact a slight decline in the total stock of foreign workers.
...
C.13. Overall, the total number of Employment Pass (EP) holders declined last year. This was in part a result of the tightening of MOMβs eligibility criteria, especially for Q1 pass holders, so as to raise the quality profile at the lower end of the foreign professional workforce as our economy restructures.[/quote]Of course we tighten the areas that increased the most. No? -
I wondered why there is quota for WP & S Pass, but no quota for EP?
It just doesnβt makes sense. There is not enough workers for WP jobs as locals shun it, but there is quota. There is sufficient local skilled workers to meet the demand, yet, there is no quota for EP.
I feel that there should be a quote for EP too for locally employed FT.
However, maybe no restriction for FT sent by the HQ of the MNC to help start the operations here. -
WeiHan:
The way you describe the plaza accord is like asking what is so remarkable about the birth of Genghis Khan. Of course by itself, the birth is not remarkable at all. It is the subsequent events that stamped GK's role in the world history. Similarly, do you have any idea how much the Nikkei index rose? Property in places like Ginza were in excess of USD20,000 per square foot or >SGD30,000 per square foot. The Japanese were complaining that they might need 3 generations to pay off a housing loan. The value of Tokyo was greater than that of the entire state of California. When the collapse came, everyone was in denial. How much money was wasted trying to \"prevent\" or \"smoothen\" the effects of the collapse? By trying to support companies and banks that are insolvent? In that kind of backdrop, an aging population is \"just\" a slow growing time bomb that has not seen the light of the day. Sooner or later, I am sure it will get its chance, just like the 300% of GDP public debt the Japanese are carrying. Do not take my word for it. I am sure there are tonnes of stuff out there on the Japanese bubble.If you attribute Japan's economic woes back to a monetary policy event, then you are implying aging population has a smaller role or even no role in Japan's present economic stagnation. Why didn't an aging population in Japan cause a wage inflation in Japan without a huge influx of foreign workers?
If you really want to exchange ideas, then it has to be done at a slow pace since I have a full time job and economics isn't really my forte. I think your scenario is too simple to give a definite answer. For example, the government gave everybody $10 millions, does that $10 millions come out of thin air (i.e the government printed them) or it actually come from actual saving from past hardwork? I think it makes a huge difference. Your scenario is too extreme such that it is not realistic also. Is akin asking if your money is still useful when you stray into a island with nobody else other than yourselves.
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