Foreign Workers

[limlim]

10 years ago, when there is not so many foreign workers, was there high unemployment?


I don’t believe that the local economy cannot be sustained and there will be high unemployment if there is no flooding of foreign workers.

Of coz, the GDP grow will not be as stellar…

But it doesn’t mean Sg cannot survive…

[verykiasu2010]

limlim:

verykiasu2010:

we agree to disagree

as for engineering people in the sector we were in, we had to provide scholarships to secure the people we need

I ran the finance, but we are engineering and manufacturing

What's the pay package for engineers in your company? such that you can't get local workers..

S$5k to $8k x min 15months, new grad start with $3k+ but there is zero suitability and need to send them for training .... B Eng need to go for training and learn some high tech (S$2m) machine is too lowly for our proud NUS / NTU engrg grad, because must learn from senior tech who is non-grad

[verykiasu2010]

limlim:

10 years ago, when there is not so many foreign workers, was there high unemployment?


I don't believe that the local economy cannot be sustained and there will be high unemployment if there is no flooding of foreign workers.

Of coz, the GDP grow will not be as stellar..

But it doesn't mean Sg cannot survive..

stay status quo as in 10 years ago ? singapore will be devoid of any manufacturing biz by now, financial services will have no biz to service as the MNCs move out...the EDB people call it \"hollowing out\" of the SG economy - I was in their meetings...it was crisis mode because people like Dell, Sony, Seagate etc etc are telling our people -- match our cost target or say good buy. You wonder why your notebook pc / plasma TV is so cheap compared with 10 years ago ?

we live in a global economy, we are price taker, period

[Daddy D]

verykiasu2010:

stay status quo as in 10 years ago ? singapore will be devoid of any manufacturing biz by now, financial services will have no biz to service as the MNCs move out...the EDB people call it \"hollowing out\" of the SG economy - I was in their meetings...it was crisis mode because people like Dell, Sony, Seagate etc etc are telling our people -- match our cost target or say good buy. You wonder why your notebook pc / plasma TV is so cheap compared with 10 years ago ?

we live in a global economy, we are price taker, period

So is SG meeting their cost target?
Maybe we tried... So some of these COs r still in SG
Maybe we tried n fail... Cos' some of these COs r goodbye... Or going to say goodbye...
If we cannot match China's production cost... The next best thing is the bring their labour cost into SG? Seems like the case.
For other fields... Why we don't see that many FTs from other 1st world country? Your guess is as good as mine. $$$$$$
:?

[limlim]

verykiasu2010:

S$5k to $8k x min 15months, new grad start with $3k+ but there is zero suitability and need to send them for training .... B Eng need to go for training and learn some high tech (S$2m) machine is too lowly for our proud NUS / NTU engrg grad, because must learn from senior tech who is non-grad

sounds really good leh.. your company still recruiting or not?

Any links? offshore rig I also go..

[limlim]

verykiasu2010:

stay status quo as in 10 years ago ? singapore will be devoid of any manufacturing biz by now, financial services will have no biz to service as the MNCs move out...the EDB people call it \"hollowing out\" of the SG economy - I was in their meetings...it was crisis mode because people like Dell, Sony, Seagate etc etc are telling our people -- match our cost target or say good buy. You wonder why your notebook pc / plasma TV is so cheap compared with 10 years ago ?

we live in a global economy, we are price taker, period

Yes yes.. thats why I was never against the foreign labor policy for \"worker\" level, like operators etc.. which attribute to \"direct cost\"..

But for Engineer/technicians/supervisors etc which are indirect costs, it isn't going to be much different right..

[verykiasu2010]

Daddy

verykiasu2010:

stay status quo as in 10 years ago ? singapore will be devoid of any manufacturing biz by now, financial services will have no biz to service as the MNCs move out...the EDB people call it \"hollowing out\" of the SG economy - I was in their meetings...it was crisis mode because people like Dell, Sony, Seagate etc etc are telling our people -- match our cost target or say good buy. You wonder why your notebook pc / plasma TV is so cheap compared with 10 years ago ?

we live in a global economy, we are price taker, period

So is SG meeting their cost target?
Maybe we tried... So some of these COs r still in SG
Maybe we tried n fail... Cos' some of these COs r goodbye... Or going to say goodbye...
If we cannot match China's production cost... The next best thing is the bring their labour cost into SG? Seems like the case.
For other fields... Why we don't see that many FTs from other 1st world country? Your guess is as good as mine. $$$$$$
:?

for a short while SG was meeting their cost target but not for long....last time a rear projection tv cost more than $10k, now a plasma is only $2k or less...even Foxconn is moving away from Shenzhen, Canon is moving into Vietnam...

it is over generalisation to say that we bring China cost into singapore. by and large the main bulk of foreign workers are found in areas that singaporeans shun....enuf said

many of these mnc retain SG as regional HQ...and some of the Singaporeans working in the SG offices have to report to bosses in China .... so difficult for them to accept due to perceived loss of face....singaporeanbig boss reporting prc regional boss who are prc citizen.....

[verykiasu2010]

limlim:

verykiasu2010:

S$5k to $8k x min 15months, new grad start with $3k+ but there is zero suitability and need to send them for training .... B Eng need to go for training and learn some high tech (S$2m) machine is too lowly for our proud NUS / NTU engrg grad, because must learn from senior tech who is non-grad

sounds really good leh.. your company still recruiting or not?

Any links? offshore rig I also go..

I re-tired liao lah !

[corneyAmber]

verykiasu2010:

limlim:

[quote=\"verykiasu2010\"]

S$5k to $8k x min 15months, new grad start with $3k+ but there is zero suitability and need to send them for training .... B Eng need to go for training and learn some high tech (S$2m) machine is too lowly for our proud NUS / NTU engrg grad, because must learn from senior tech who is non-grad

sounds really good leh.. your company still recruiting or not?

Any links? offshore rig I also go..

I re-tired liao lah ![/quote]vks2010....I thought you have always been travelling for business? (remember the red moon?) :?

[verykiasu2010]

ksi:

vks2010....I thought you have always been travelling for business? (remember the red moon?) :?

I am still travelling for business, I am also re-tired, my children are my bosses