Population woes
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limlim:
At least recognize that there are many people who do not want a slow growth economy.
And...... what is wrong with a slow growth economy? I don't find any benefit from a economy that is too hot, too fast growth leh..
Do you even realize what the implications of that are? You only hear the 'good stuff'.
How about slower wage growth...less demand for labour....higher taxes.....fewer services.
You must always look at the pros and cons. -
3Boys:
I just realized I don't know why I'm debating with you over this..
The fact of the matter is that he HAS CLOSED the restaurant and cited labour rigidity as THE ISSUE. The point is, whatever his margin, it is no longer enough for him to feels its worth his while to continue.
What's the point of you second guessing or rationalizing when you actually have no clue as to his motivation or margins?
In the other thread about tuition, you plead passionately that even if not everyone feels the issue, it does not mean that there is no problem. How about here? Just because other restaurants remain open does not mean that there is no growing issue about labour rigidity.
My view is, the govt has taken the WRONG approach. They should control the pinoy PMETs, Not FWs.. which is essential for biz like restaurants to operate as they are labor intensive!
Actually, I mentioned before, I agree that FW is essential for some biz, esp F&B..
My argument is targeted at those establishment employing PMETs, not FW.
I guess I need to go and do some editing liao..... -
WAH… I cannot edit my post liao!
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3Boys:
Are we talking about PMETs or FW?
At least recognize that there are many people who do not want a slow growth economy.
Do you even realize what the implications of that are? You only hear the 'good stuff'.
How about slower wage growth...less demand for labour....higher taxes.....fewer services.
You must always look at the pros and cons.
If FW, I'm with you. I guess these pple fuel the economy growth.. I recognize the need for them. -
limlim:
It applies across the board in my view. I know this does not square with you or pirate.
Are we talking about PMETs or FW?3Boys:
At least recognize that there are many people who do not want a slow growth economy.
Do you even realize what the implications of that are? You only hear the 'good stuff'.
How about slower wage growth...less demand for labour....higher taxes.....fewer services.
You must always look at the pros and cons.
If FW, I'm with you. I guess these pple fuel the economy growth.. I recognize the need for them. -
SG kids all uni grads or wannabes... Of cos' cannot find SG kids to sell curry fish heads lah...
If next time all the curry fish head stalls closed...
Employers make noise...
SG economy goes down...
Unemployment rate goes up...
Who's fault?
My fault as a parent?
My head lor...
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Mature slow growth economy is fine, as long as people understand the trade-offs and don’t start whining once the impact hits.
Who will suffer the most from a slow growth economy? -
http://www.straitstimes.com/breaking-news/singapore/story/stricter-criteria-personalised-work-pass-foreign-professionals-2012110
[quote]Stricter criteria for personalised work passes for foreign professionals
Yearly pay limit raised to $144,000 from $34,000; period cut to 3 years[/quote]Means what?
A lot of FTs are going to leave SG 3 years later?
:? -
Daddy
Means what?
http://www.straitstimes.com/breaking-news/singapore/story/stricter-criteria-personalised-work-pass-foreign-professionals-2012110
[quote]Stricter criteria for personalised work passes for foreign professionals
Yearly pay limit raised to $144,000 from $34,000; period cut to 3 years
A lot of FTs are going to leave SG 3 years later?
:?[/quote]Means it will be more difficult for FTs to job hop all over the place unless they are really very talented. -
pirate:
I am not sure how you think about this. I think in term of food, adjusted for food quality, Singapore no longer has an edge over place like Japan. In Tokyo, I can get a big bowl of super yummy bowl of extra miso pork noodle for approximately S$8-9. Yes. In absolute money term, it is higher than the S$4-5 fishball noodle that normally get in foodcourt. But the size is also about double! and it tastes alot better. The soup base is real poultry bones slow cook over many hours compare to the one in our food court that they add MSG.
Personally, I think Singaporeans are too addicted to cheap labour and pay too little to get other people to cook for them and wash their dishes anyways. I am a great fan of eateries increasing their prices if they find that they have more customers than they can handle. Singaporeans may grumble, but if the food is yummy enough, they will come back.
In Japan, I can get high quality plate of fresh sashimi at ~S$30. I don't think this is possible in Singapore.
So I don't know what is missing....we have cheap labour to cook and the price is already quite high adjusted to food quality.
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