An honorable member of the Coffee Shop Has Just Posted the Following:
Article Source: http://g$$$$$l/3uy1R1
Is low / slow growth for our economy good like what opposition always want?
WITH POOR GDP, YOUTHS ARE FIRST TO SUFFER
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Singaporeans have a strange attitude towards GDP. The lower it goes, the more relived we seem to be. We have associated economic growth with all the ills of a growing Singapore: packed trains, wage gap, crowded environments etc.
The man in the street is unfazed by our performance. He frequently complains why his salary isnt rising as fast as the Straits Times Index (well, up until last year at least).
To put it very bluntly: a strong economy isnt just about you and your wallet. The life and death of every sector of this island-state hinges on our performance, on our place in the world. Borrowing from Chinese wisdom, it is not about eating rice or porridge. It is more between eating rice or grass.
High tax on labour, unfair competition and high minimum wages are other contributors to the disease of unemployment.
And when there are too many young, unemployed people social problems start to fester. Theyre idealistic, restless, frustrated and angry. A very potent mix.
Read the full article here
Click here to view the whole thread at www.sammyboy.com.
Article Source: http://g$$$$$l/3uy1R1
Is low / slow growth for our economy good like what opposition always want?
WITH POOR GDP, YOUTHS ARE FIRST TO SUFFER
Singaporeans have a strange attitude towards GDP. The lower it goes, the more relived we seem to be. We have associated economic growth with all the ills of a growing Singapore: packed trains, wage gap, crowded environments etc.
The man in the street is unfazed by our performance. He frequently complains why his salary isnt rising as fast as the Straits Times Index (well, up until last year at least).
To put it very bluntly: a strong economy isnt just about you and your wallet. The life and death of every sector of this island-state hinges on our performance, on our place in the world. Borrowing from Chinese wisdom, it is not about eating rice or porridge. It is more between eating rice or grass.
High tax on labour, unfair competition and high minimum wages are other contributors to the disease of unemployment.
And when there are too many young, unemployed people social problems start to fester. Theyre idealistic, restless, frustrated and angry. A very potent mix.
Read the full article here
Click here to view the whole thread at www.sammyboy.com.