No alternative to raising productivity, says Tharman
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Originally posted by the Bear:
we can follow this. and still die eventually.. because it is a death spiral anyway...
we really need to find an alternative instead of just taking this all up the ass
Really, it begs the question of whether we are willing to take little or no growth at all if the FDI flies out.
I am. Because I think there's more things than money out there.
But not the others. And I can't blame them.
The alternative is to find a niche so that we can rely less on FDI. That's what the govt is doing now.
But its gonna take time and meanwhile we still try to woo the MNCs.....and carry on this rat race.
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I find that how I feel is rare. I reckon for example we shouldn't have DBSS flats because it defeats the purpose of "public housing" since it clearly is priced to keep it out of reach of ordinary folks.
Yet most feel that DBSS flats are welcomed and there is nothing wrong with the concept of segmenting the public housing market!
An implicit elitist view in my opinion and sadly, this is how many feel.
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Originally posted by charlize:
Other forums commented that when they raised their own salaries, not one of them spoke against the raise or talked about productivity.
Go figure.
You must remember they all imagine they are worth much more in the private sector! -
"we have new immigrants coming into our society"
so they r not slowing ?
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Originally posted by Bikeforceful:
You must remember they all imagine they are worth much more in the private sector!But most of them all from SAF, civil service or GLCs.
What fucking private sector?
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Originally posted by Dalforce 1941:
But most of them all from SAF, civil service or GLCs.
What fucking private sector?
Hello! did I not say" imagine"? -
Originally posted by Bikeforceful:
You must remember they all imagine they are worth much more in the private sector!Who is worth more in the private sector ?
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Originally posted by lce:
"we have new immigrants coming into our society"
so they r not slowing ?
First day living in Sg?
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Wage shock is so much better than Train shock...and less riskier in fact so productivity pays off for the highly waged top management to manage the on-going series of train shocks?
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Originally posted by Fcukpap:
Wage shock is so much better than Train shock…and less riskier in fact
so productivity pays off for the highly waged top management to manage the on-going series of train shocks?
another breakdown announced in the circle line today- no more shock lah! It will be shocking if no breakdowns. -
Originally posted by Bikeforceful:
another breakdown announced in the circle line today- no more shock lah! It will be shocking if no breakdowns. -
now then they talk about sustainable wages ....
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Originally posted by Fcukpap:
now then they talk about sustainable wages ….
Times are bad.
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in order to raise productivity - we have to hire minors
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Originally posted by Fcukpap:
now then they talk about sustainable wages ….
From their own experience.
If they raised the national wage, would it be sustainable?
May need to have salary review.
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Cheaper better faster.
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Actually the worse contributors to this very very bad situation of the wide gap are the so called bloody salary survey consultants and HR salary so called experts! From the middle executive level for almost a decade and a half these glcs and multinationals have been benchmarking their salaries up to the CEO level on global basis. Realistically every country is different - the tax structure and social policies of different countries are also different . Our economy as well as our employment vulnerability and job risk are all different. But our CEOs and also politicians started comparing what " they thought they deserve" in accordance to what other CEOs get in UK or America etc. Now we know better that these Americans, especially the top bankers there , have been over paying themselves! Just look at Citigroup - there is currently a hue and cry over the CEO's salary package! So what if a CEO who is a performer and very very happy with his job which is paying 10% or 15% lower than the global benchmark? If the guy is happy and think it is a fair deal why the need to pay the monetary pound of flesh to the very last ounce? Intrinsic satisfaction on the job was not even considered! Greed was and is rampant ! Directors on the Board who were all too eager to recommend that the GM or CEO's salary be reviewed , hopeful that in so doing the Directors remuneration will also be reviewed.. All kinds of scratching each other's back to get the most out of the company. DID accurate productivity measure even come into the picture in many of these case? A CEO appointed into office of a decade old reputable conglomerate with great strength and sparkling performance- all the work of that new expensive CEO of two years?
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Originally posted by Bikeforceful:
Actually the worse contributors to this very very bad situation of the wide gap are the so called bloody salary survey consultants and HR salary so called experts! From the middle executive level for almost a decade and a half these glcs and multinationals have been benchmarking their salaries up to the CEO level on global basis. Realistically every country is different – the tax structure and social policies of different countries are also different . Our economy as well as our employment vulnerability and job risk are all different. But our CEOs and also politicians started comparing what ” they thought they deserve” in accordance to what other CEOs get in UK or America etc. Now we know better that these Americans, especially the top bankers there , have been over paying themselves! Just look at Citigroup – there is currently a hue and cry over the CEO’s salary package! So what if a CEO who is a performer and very very happy with his job which is paying 10% or 15% lower than the global benchmark? If the guy is happy and think it is a fair deal why the need to pay the monetary pound of flesh to the very last ounce? Intrinsic satisfaction on the job was not even considered! Greed was and is rampant ! Directors on the Board who were all too eager to recommend that the GM or CEO’s salary be reviewed , hopeful that in so doing the Directors remuneration will also be reviewed.. All kinds of scratching each other’s back to get the most out of the company. DID accurate productivity measure even come into the picture in many of these case? A CEO appointed into office of a decade old reputable conglomerate with great strength and sparkling performance- all the work of that new expensive CEO of two years?
All these surveys should be taken with a pinch of salt.
People in all the industries surveyed always look at the survey figures and wonder, eh, how come my salary is lower than the average.
Rarely hear of people saying their salary is above the average.
Makes you wonder.
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No productivity, no pay hike.
Unless you are elite.
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As I said, wanna raise productivity, go for nuclear power !
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What is higher productivity in Singapore ?
Pay less for more for the employers .
How about the consumers ?
Do we get more value for less price ?
So we should continue to deny . And make them rethink of their model .
Stop patronising everything that will contribute to the taxation and coffers of the goverment .Until government will have no means but to derive their taxation from cars and properties . Lets push this two to sky high . Starve them of taxation .
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Now ask us to raise productivity .
After using the Underage sex scandal to distract us , giving away $4Billion to IMF .
Just because we first world Status . But who gives them right to make such decision ?
The rich in Singapore , the Elites, the ruling class or your children ?
The inflation in Singapore is caused by fast growth and outflowing of our currency .
And not the lack of cheap foreign workers . Cheap foreign workers support industries we can deny .
It's they who are re-adjusting that is causing all the inflation.
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We need to be cheaper better and faster.