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Minister Lim Swee Say: I have a formula for GDP growth for the next 10 years

makapaaa

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http://statestimesreview.com/2015/0...formula-for-gdp-growth-for-the-next-10-years/

[h=1]Minister Lim Swee Say: I have a formula for GDP growth for the next 10 years[/h]admin / 17 hours ago July 1, 2015


In his speech at an employment fair, newly-minted Manpower Minister Lim Swee Say proclaimed that he has a formula for GDP growth for Singapore in the next 10 years. Minister Lim Swee Say said that Singapore’s GDP growth at 3% is not sustainable because the population of the workforce cannot grow at 3%.

Photo by Martyn See

Rather, the Manpower Minister said that Singapore should only increase the population at 1% and get the 2% growth from increased productivity:
“In the last 10 years, we have been growing our economy based on a simple formula of ‘3+1=4′ – 3 per cent growth in our workforce plus 1 per cent improvement in our productivity to give us 4 per cent growth in our economy.

As I mentioned, 3 per cent is not sustainable because our local workforce not growing at 3 per cent. For the next 10 years, we’re working towards ‘1+2=3′ – 1 per cent growth in our workforce plus 2 per cent improvement in our productivity to give us the 3 per cent growth.”
Minister Lim Swee Say is basically reiterating what Prime Minister Lee Hsien Loong said last week, asking Singaporeans to increase their productivity because the country has hit a population limit and suffering the fallout from an overpopulation. Singaporeans have become increasingly vocal in expressing their displeasure for overcrowding in recent years and the ruling party PAP Government suffered its worst voting result in the last election.

The PAP Ministers are trying to increase the country’s GDP growth to compensate for the lack of freedom and human rights in Singapore, hoping that the majority of the Singaporeans will be willing to trade economic growth for personal freedom and the lack of a sound political system. Salaries of PAP Ministers have also a GDP component variable that increases along with the GDP growth percentage, and more often than not, the PAP Government have justified the increase in their salaries because of the economy, with the Minister of Defence saying it is a “bargain” Singaporeans are getting for the amount of salaries they are getting.

Prime Minister Lee Hsien Loong’s salaries currently stand at more than four times the salaries of President Obama.

Related stories:
Lee Hsien Loong: Singaporeans must raise their productivity
 

Confuseous

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His only area of knowledge is thievery, especially of toothpicks.
His secondary area of knowledge is how much he has in his CPF.
Any other comments, he can go fcuk himself.
 

laksaboy

Alfrescian (Inf)
Asset
So what if the economy grows? Doesn't really benefit the lesser mortals. Only drives up the cost of living. :kma:
 

po2wq

Alfrescian (Inf)
Asset
... Lim Swee Say proclaimed that he has a formula for GDP growth for Singapore in the next 10 years ...
ya ...

juz like his bestest selling song uptwurn ze downtwurn, he shud record another song - grow gdp grow ... juz play it evryday n gdp wil shoot thru ze roof ...
 

dredd

Alfrescian
Loyal
His only area of knowledge is thievery, especially of toothpicks.
His secondary area of knowledge is how much he has in his CPF.
Any other comments, he can go fcuk himself.

You didn't mention his area of expertise .... his command of the English language (better, betterer, betterest)
 

spotter542

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Asset
This Chinese helicopter toothpick thief talking through his arse again , just like our resident jiu hoo kia getting his loose arse pumped by a Thai ladyboy :biggrin:

 

Microsoft

Alfrescian (InfP)
Generous Asset
Mandatory 12 hrs, 6 and haf days work week, 50% pay cut for a start. No we sinkie dun like work life balance...neither do we like to collect our cpf...so troublesome mus go bank collect...and retirement was never in our blood...even die oredi...if we feel nid to work...we will rise frm our grave n go punch card...:biggrin::biggrin:
 

virus

Alfrescian
Loyal
He sounds good if not better than pinkie who only has formula to fix sinkies and spend the rest of his time queuing for chicken wings
 

halsey02

Alfrescian (Inf)
Asset
He sounds good if not better than pinkie who only has formula to fix sinkies and spend the rest of his time queuing for chicken wings

The queuing up for chicken wings is a show, for people, who believe that, have a very low IQ. Any food he patronises, the food stalls or shops, are PAP supporters for sure. Have you seen the new food establishment sprouting up at the mall called "CRAVE", selling nasi lemak etc..that is the same stall, mee siam mai hum bought the makan for his Indonesian kawan....so you rubba my ..... I rubba yours...so you say no, "corruption"...no of course, but they apply for any permits etc..SURE 1,000% WILL GET...for all they need just to call their guanxi "abang mee siam mai hum"..
 

frenchbriefs

Alfrescian (Inf)
Asset
Wait so u telling me it took these highly paid scholastic geniuses more than 10 years to figure out its madness to keep growing our population at 3 percent a year and now its backfired and we are about to embark on the next course of madness?
 

Poomer

Alfrescian
Loyal
Honestly what Toothpick Lim is saying is what the government been trying to do the past 3 years or so, and failing. Consudering that there have been no concrete solutions or groundshaking ideas in his speech, be prepared for more work for less pay, as proclaimed by Prince Lee in his speech that Singaporeans do not want Scandivanian standard of work life balance, or a quiet influx of foreigners once again, of which you can only observe on the trains and streets, as government figures will come out at least a year later.
 

PretenderSam

Alfrescian
Loyal
Wait so u telling me it took these highly paid scholastic geniuses more than 10 years to figure out its madness to keep growing our population at 3 percent a year and now its backfired and we are about to embark on the next course of madness?

this is called hidden talent. they are worth the amount being paid.
they only show their talent when the country is at the brink of a crisis.
during normal time they pretend to give out rubbish advice to fool the morons [ oops ! i meant the 60%].
we are lucky to have them running the country.
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
This guy is a real genius. He should take over from LHL. He'll take Singapore to new heights never seen before.
 
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