Tag: wages

  • Prediction Of More Misery Should PAP Win

    Prediction Of More Misery Should PAP Win

    The PAP often tells us to look at their track records. Well I have, and I am pretty confident that I have a pretty good idea of what they are doing, or their lack thereof for that matter.

    Truth be told, looking at the track record of the voters in Singapore, the PAP stands a high chance of winning.

    I have compiled a list, of what citizens should expect, should the PAP win the mandate, and be allowed to continue their reign unopposed for another 5 years.

    Keep in mind that while these are mostly speculations, they are based on the track record of the PAP. Feel free to disagree with hit.

    Here is the list:
    1) Primary focus of the government to be on the economy-
    2) More foreigners will come in-
    3) Population will eventually hit 6.9 million and beyond-
    4) GST will rise again-
    5) More sponsoring of free scholarships to foreign students-
    6) More investments to foreign countries from government-owned institutions, using state-controlled funds-
    7) More spending on celebrations and public events-
    8) More exorbitant housing prices-
    9) More mandatory insurance plans that you have to pay for-
    10) Even higher public transport costs-
    11) Press freedom index ranking will drop even lower-
    12) More unopposed unilateral one-sided decisions in parliament-
    13) More politicians suing ordinary citizens-
    14) More unexplained revocation of patents-
    15) More government organizations applying for protection from harassment act-
    16) More unfair use of NSFs-
    17) More mudslinging from the ruling party-

    And here are the details. Be warned, it is long.

    1) Primary focus of the government to be on the economy-

    Regardless of the claims by word-of-mouth, the goal and aim of the government had always been clear: the Economy. Boosting the economy at all costs has always been their objective, and will continue to be so.

    2) More foreigners will come in-

    The PAP has made it crystal clear, they will not stop the inflow of foreigners, they will merely slow down the inflow.

    It’s like you’re fast approaching the edge of the cliff, but the driver chooses to decelerate instead of braking hard.

    These foreigners may indeed boost the economy. But the large numbers also pose a problem for citizens, as these foreigners will be competing with the true citizens for resources, which include jobs, housing, public transportation, and even basic necessities.

    3) Population will eventually hit 6.9 million and beyond-

    You have to ask yourself, of these 6.9 million, how many of them will be true Singaporeans? Do we have the necessary infrastructure and resources to support a 6.9 million population?

    If the answer is yes, then you have absolutely nothing to worry about!

    But I suggest you take a look at our MRT stations, our HDB queues, our foodcourt and hawker-center crowds, our school balloting, and think carefully first.

    4) GST will rise again-

    Going by the PAP track record, there is a very high likelihood that GST will eventually rise again. I personally estimate this at 9%, though some say it will be higher.

    5) More sponsoring of free scholarships to foreign students-

    A recent report say that in recent years, at least 20 million a year is funded to give foreign students free scholarships. The exact figures of the total amount spent so far for foreign scholarships is unclear.

    The PAP has also made it clear that they will not stop funding foreign students with free scholarships.

    Personally, I think that 20 million is a lot, and this money could have been better spent on our own citizens. But what the hell do I know? PAP knows everything, so throw out your encyclopedias, and never visit wikipedia again.

    6) More investments to foreign countries from government-owned institutions, using state-controlled funds-

    http://www.wsj.com/articles/SB124350003544761935
    https://www.youtube.com/watch?v=7qFUDmsFTYk

    In spite of the claims made by local media bragging about the huge profits made, many reports I have read talked about the billion dollar losses made by Temasek Holdings.

    Personally, when I read about this, the first few questions that come to mind are:
    Who authorized Temasek Holdings to invest money in foreign companies?
    Why is no one punished for the screw-ups?
    The money that is lost to bad investments, who does it belong to?

    Even now, Temasek Holdings and the GIC is adamant about taking state-controlled funds to invest in foreign organizations. My question is this, who authorized the government to use these funds for foreign investments?

    And till now, do we even know the true source of this money? I mean, it has to come from somewhere, right? Do we even know where did the money that was lost to bad investments, come from?

    I really don’t understand why this money needs to be invested elsewhere, or why it even needs to be invested at all. Why can’t this money be used to invest in Singapore itself?

    When the Singapore government chooses to invest state-controlled funds to invest in foreign organizations, it really shows how much confidence they have in our own country.

    7) More spending on celebrations and public events-

    Without a doubt, more money will be spent on events similar to SG50 celebrations. More events like the YOG will be held.

    The YOG was grossly overbudgetted, with no one punished for the oversight. But the good news is that the government learns from their mistakes. So this year, in the SEA Games, the organizers outsourced for free volunteers instead of paid workers. That greatly reduced the costs for manpower. The plan was so simple yet so brilliant, I can’t help but be amazed. Why pay for workers when you can get them for free?

    To quote a line from the Noose:
    If the government can spend so much money on two useless pandas, they must be treating the people really well!

    Obviously, more money should go into such events, and NOT social spending. Having more money on social spending will lead citizens to have a clutch mentality and cause them to be dependent on government handouts.

    Right?

    8) More exorbitant housing prices-

    Someone once claimed that you can own a hdb flat with $1000 per month salary.

    Seriously?

    I’m not going to call that bullshit. But to me, it sounds like I’m looking at some kind of fringe science, where the professor draws a few impossible calculations using extreme numbers from improbable events, and presents to us the argument that something thought to be virtually impossible, is actually in fact possible.

    I’m definitely not the most mathematical oriented person. But do you honest believe that you can own a hdb flat with 1k salary?

    Let me use an example. Suppose you are an ordinary worker earning a modest $1,500 a month, trying to afford a $240,000 3 room flat. Let’s assume that you eat grass and pump every cent you earn, including your CPF, into your flat payment. It will take working at least 13+ years, just to pay off your flat alone.

    And let’s not forget the 2.6 compounded interest rates from HDB. Every year, you have to pay $6,240, just for the interest. It will reduce if you can pay, otherwise, it will snowball. How much of your salary per year do you have to sacrifice, just to pay off the interest itself?

    And on top of that, let’s not forget the fact that you DON’T actually own your flat. You rent it for 99 years. At the end of 99 years, you lose it, with NOTHING refunded back to you.

    Some people argue, HDB flats will never last 99 years, you will be moved by the government after 40 years of staying, and they will pay the rate of the remaining lease. Well that still means you don’t actually own it. Hello? When the government moves you, you think that the government is going to give you your flat for free?

    Like it or not, every year you live in your flat, you lose 1/99 of it’s value. So every year, you rent it for $2,424. And for some reason, you still have to pay land tax.

    I’m no expert on this, so feel free to correct it if you have more accurate numbers.

    The PAP claims that it is possible to own a flat with only $1k salary, and boasts of a high home-ownership ratio (99-year “ownership”) on a global scale. By all means, feel free to believe them.

    9) More mandatory insurance plans that you have to pay for-

    The PAP has already decided that you will pay for CPF Life and Medishield Life. It doesn’t matter what your opinion is. It’s been decided.

    10) Even higher public transport costs-

    Even when oil prices were dropping, and SMRT was earning record high profits, the transport fares were raised, citing a reason like “opportune time”.

    Just before elections, fare prices were announced to be dropped. But god knows how soon the next fare hike will hit us.

    It’s common knowledge that if you wish to encourage use of public transport, and improve traffic conditions, you should raise the price of private transportation, but reduce the price of public transportation. But the government, being the genius that it is, decided to raise both public and private transportation costs.

    I guess this means that the message they are trying to send us is, “Don’t go out. Stay home and sleep!”

    11) Press freedom index ranking will drop even lower-

    The PAP has already made it clear that they don’t care about the press freedom index.

    The unnamed person-in-charge said the following line:
    We manage our press, our media and our freedom of information in a way that makes sense for Singapore.

    The very same person also claims that the very same newspaper is “credible, balanced, and objective”.

    WTF……

    12) More unopposed unilateral one-sided decisions in parliament-

    When the PAP proposes a bill, it is as good as approved. No matter what kind of decision the PAP makes, the bill will be passed successfully unopposed.

    One of the most recent bill passed was about ISEAS, where only the ministers will be able to appoint board members, while the President and the other organizations will not be able to do so.

    This bill was piggy-backing on the proposed bill to honor Yusok Ishak…. I meant, Yusof Ishak.

    Of course, the WP rejected with all their might, but the bill was still passed.

    You would think that if they really wanted to honor the late president, they would actually learn to spell his name right….

    You can be sure to expect more one-sided unilateral decisions made if the PAP wins.

    13) More politicians suing ordinary citizens-

    In the past, PAP ministers would use defamation lawsuits on their political opponents.

    Prime Minister Lee Hsien Loong took it a step further, and decided to sue an ordinary blogger.

    At the rate this is going, you can expect secondary and primary school students to be sued too.

    If you feel that an internet posting has defamed you, one of the first recourse is mediation. The legal recourse should only be used as a last resort.

    You see, it’s one thing to preach about a gracious and forgiving society. It’s another thing to be a gracious and forgiving person.

    14) More unexplained revocation of patents-

    If you have a patent that results in a conflict with the government’s interest, your patent does not exist.

    Dr Ting Choon Meng has a valid patent for medical vehicles as of 2005. In 2009, Mindef, instead of seeking recourse to contest or dispute the patent, they blatantly ignored it and produce their own.

    In a lawsuit that latter ensued, the court of law revoked the patent owned by Dr Ting in 2014. This is despite the fact that the proper procedure of contesting a patent not being used, and no evidence supporting the revocation was ever seen.
    http://www.ipos.gov.sg/Services/HearingsandMediation/ProceedingsatIPOS/P…

    To add insult to injury, Cyberpioneer issued the following arrogant public statement:
    Respecting Intellectual Property means honouring patents that are valid, not protecting those that aren’t.

    So let me get this straight. In 2009, Cyberpioneer could tell the future, and knew that the patent will be invalidated in 2014?

    Oh, one more thing. Did you know that you cannot apply for a patent in another country, without asking for permission first?
    http://www.ipos.gov.sg/AboutIP/TypesofIPWhatisIntellectualProperty/Whati…
    One can only wonder what the basis of that is.

    15) More government organizations applying for protection from harassment act-

    A government organization applying for protection from harassment from an individual, is possibly the stupidest thing I can think of. And yet it happened.

    It’s almost as if these people are challenging us to think of what is the most asinine thing they can possibly do, and they actually make it happen.

    These guys never fail to amaze me at whatever they do.

    16) More unfair use of NSFs-

    The LTA recently announced that NSFs can be mobilized to help SMRT in the event of an MRT breakdown.

    I have absolutely no idea how the LTA has authorization over Mindef to help a private company like SMRT. There must be some kind of grand logic here at work.

    17) More mudslinging from the ruling party-

    It is said that if you live in a house of glass, you shouldn’t throw rocks.

    Well the PAP doesn’t care. They keep attacking the WP for the lapses, even though their own management has lapses highlighted by the Auditor General Office.

    In one of the latest saga, Mr Tharman relentless carried on his attack on the WP. Despite the other problems found by the AGO, Tharman claimed that “The house is safe and there is no question whether public monies are fully accounted for.”

    Instead of correcting his own problems, he decided to attack WP for theirs. A typical rock-throwing kind of behavior.

    Conclusion:
    This is by no means an exhaustive list. But I have been paying attention to the PAP’s actions long enough to know how they handle things. Feel free to disagree if you think such things will never happen.

    Source: http://sgkbwarrior.livejournal.com

  • Foreign Worker Issue Is Beyond Economics And Politics

    Foreign Worker Issue Is Beyond Economics And Politics

    Many of my Brothers (compatriots) feel the stress of foreign workers in Singapore.

    When we discussed this issue at a deeper level, I realize its goes beyond economics and politics.

    Its about jobs and emotions.

    Its also dilemmatic.

    Their beef isnt towards Work Permit holders but S-pass and EP holders.

    S-Pass come here with a minimum wage, thereby making them cheaper to employ, very good indeed for SMEs.

    Our government deserves credit for imposing quotas. SMEs and MNCs alike must now employ x number of citizens first before they could bring foreigners here.

    And indeed, our government has visibly reduce their numbers , especially after 2011 GE.

    At an emotional, we see a few of S-Pass holders displaying uncivil acts and forming social clusters.

    FEW PRC Chinese blast their lungs in the public transports , Few Hindu Indians try to bring the cast system and Hindi language over and FEW Filipinos do not mix with people other than their own kind.

    Yet Singaporeans like me cannot afford to see them go. Why? Who else would remain to rent our HDB flats. And mind you, rental income is one way to offload kids’ burden of providing for his/her aging parents.

    EP holders come and reside in uptown. Their men, mostly whites, come and attract both local and foreign women. Just look at any Match-making sites and see how many Japanese ladies here are seeking White men. And black and white women rarely depends on local Singaporean male to hit on them.

    It is a stereotypical view that many Asian men hardly hit on any women , a phenomenon i cannot understand and have never experienced. Yes, I do hit on Black and White women boldly. If you a Black or White female, drop me a PM.

    Singaporean men feels the pressure of trying to start a family. And when they see all these unfolding their very eyes, they feel disgruntled , which escalates to xenophobic mindsets.

    We need to address this at an emotional level, no doubt.

     

    Source: Faisal Maricar

  • Gilbert Goh: Join The Income Inequality Forum on 30th May At Bras Basah Complex!

    Gilbert Goh: Join The Income Inequality Forum on 30th May At Bras Basah Complex!

    Come and support our Income Inequality forum this coming Saturday 30 May from 230pm to 5pm at 04-41 Bras Basah Complex.

    We face a crisis situation now whereby our income growth lags behind that of inflation for the past decade. Our cost of living is also at the world’s highest this year.

    More than 200,000 Singaporeans still earn $1000 and below a month putting them very close to the poverty line.

    Yet, we have the highest number of millionaires in the world exaceberating the income gap we have between the have’s and the have not’s.

    A high income gap not only inhibits social mobility but also encourages social class division and strife.

    Come and hear our four keynote speakers Mr Osman Sulaiman, Ms Fatimah Akhtar, Mr Roy Ngerng Yi Ling and Mr Goh Meng Seng expound on the topic with some PMETs giving short accounts of what they face in the job market.

    Email [email protected] for a seat.

    Singaporeans supporting Singaporeans.

     

    Source: Gilbert Goh

  • Slow Wage Growth Likely To Persist

    Slow Wage Growth Likely To Persist

    For those who have placed the blame for slow wage growth squarely on cheap imported labour, this year’s headline figures in manpower would have been sobering. Despite sharp pullbacks in manpower inflows in the past few years — to the extent that the percentage of vacancies being filled by Singaporeans rather than foreigners this year hit its highest level since 2011 — average pay cheques, after adjusting for inflation, grew by only 0.4 per cent amid tight labour market conditions.

    And if Singapore’s struggles with boosting productivity persist, the picture on the wage growth front next year is unlikely to be any rosier, said economists, especially given the poor global economic outlook. The impending cessation of the Wage Credit Scheme (WCS), which subsidises firms for pay raises, will add another chokehold, they added.

    “Companies don’t want their margin to be squeezed. They want to save more, hold on to a profit margin, to prepare for the next year when there’s no more WCS,” said UOB economist Francis Tan. “Once you increase the wages, it will be hard to move them down again. And if … the workers are still not as productive as you want them to be, it can be quite dangerous for the existence of the company.”

    Labour productivity contracted 0.8 per cent year-on-year in the third quarter, worse than the 0.3 per cent fall in the first half, figures from the Ministry of Manpower showed. The first half of last year registered a 1.3 per cent decline, but this improved to 0.8 per cent growth in the second half.

    The repercussions of flagging productivity, as the International Monetary Fund (IMF) has warned, could extend to the whole of the Republic’s economy. With the tightening of the tap on foreign workers pushing up wages more quickly than productivity, not only will firms pass on the higher costs to consumers, but Singapore’s potential growth and competitiveness could also suffer a blow, the IMF said.

    DBS economist Irvin Seah noted: “Businesses are unable to pursue more orders because of this labour crunch. This will also prevent them from increasing their top-line, unless the productivity of the existing manpower is able to improve.”

    Besides sluggish productivity growth, OCBC’s Ms Selena Ling said companies face pressure from higher rental costs. Singapore is expected to top the rental forecast for Asia-Pacific cities, with a 25 per cent increase in office rents from this year to 2019, based on a report from property consultancy Knight Frank in September.

    In adjusting to these costs, business will take into account the differing flexibility of the various types of business costs. Between rental and wage costs, wages provide a “little bit more room for negotiation”, said Ms Ling.

    Agreeing, Mr Tan said many companies have been moving towards higher variable components in wages to help buffer against economic cycles.

    Workers who benefit from WCS — those earning below S$4,000 — are not considered as vulnerable as low-wage workers. But given the modest growth prospects next year, some economists speculate that the Government could extend the scheme.

    “At this moment, it looks like the United States is showing signs of much more broad-based sustained recovery, while the rest of the world is in different stages of recovery and slowdown,” noted CIMB Research economist Song Seng Wun.

    Mr Seah, however, noted that the WCS, which represents a form of government transfer, was never meant to last and that the more sustainable approach to boost workers’ pay is to equip them with the right skills.

    “Although I think our fiscal policies are gradually becoming more socialistic in nature, I think the Government has continued to emphasise the need for self-sufficiency and the notion of meritocracy,” he said. “I think such principles should continue to remain the hallmark of our economic policies.”

    Indeed, firms have had no choice but to pay more in the stretched labour market, which workers have been quick to capitalise on.

    “And it’s not just the blue-collar workers, but the senior and middle management too,” said RecruitPlus Consulting’s managing director, Mr Adrian Tan.

    Mr Erman Tan, president of the Singapore Human Resources Institute, added that firms will face pressure to keep wage growth at least on a par with inflation. Core inflation, which indicates the rise in everyday out-of-pocket costs, has been estimated at 2 to 3 per cent next year, higher than the 2 to 2.5 per cent expected this year.

    “Inflation is still putting pressure on staff. Firms have to make sure staff have the peace of mind to work, so you can change work procedures, change mindsets and invest in automation, leading to improvement in productivity,” he said.

    There has at least been one bright spark this year in the push for wages to grow because of productivity improvement. In September, the cleaning industry became the first to adopt a skill-wage ladder as a criterion to secure licensing, representing a breakthrough in lifting the pay of a group of workers who have seen their income stagnate. The Progressive Wage Model was also announced for security guards and will be implemented in 2016.

     

    Source: www.todayonline.com