Minimum wage wont be implementing in Singapore. DEAL with it suckers!

[Devil Within]

....

LOL!... Fucking retarded Asterix is like those same fools that believe Communism will help the poor. LOL!....

LOL!... You really are a fucking retarded idiot who need to beg gov to help you increase your pay!... LOL!...

LOL!... You get fucked continuously by Uncle Devil here, you fucking retarded PAP IB Asterix. Uncle Devil here love to help you showcase your stupidity.

Come on, be a good boy and ask Uncle Devil here to help you to showcase your stupidity. LOL!...

 

[Asterix]

Your LAZY Lightning die die don't want to do what is for the greater good
Instead activates propaganda machine with scarce tactics aplenty
If you've already read the doggerel below
Please head straight to Information Section
See how a real First World Government
Navigates through uncharted waters
With confidence of the captain of a cruise ship
And no Gahbra-ness and laziness of Sampan 2.0


No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN

Information Section (will be varied with each new post):

From 2012 Report of the Minimum Wage Commission (HK) – Chapter 3

3. The Socio-economic Conditions during the Implementation of the Initial Statutory Minimum Wage Rate

3.1 The initial statutory minimum wage (SMW) rate came into force on 1 May 2011 amidst a robust economy in Hong Kong with strong domestic demand, notable expansion of business activities and persistent strength in labour demand, which provided a very favourable environment for its implementation. However, dragged by external headwinds, Hong Kong’s economic growth decelerated visibly since the second half of 2011 to only a meagre growth in the first half of 2012.

3.2 Implementing SMW during times of favourable macroeconomic conditions would help relieve the pressures on employment and corporate profits, and encourage more people to join the labour market. On the contrary, corporate profits would be under stress should SMW be implemented during economic slowdown, particularly when facing significant external economic shocks. In such circumstances, the impact of SMW on the business environment would become more pronounced and dampen labour demand further. Hence, we would first analyse in this Chapter the socio-economic conditions during the implementation of SMW in order to provide background information for the impact of the initial SMW rate to be discussed in Chapter 4.

 

[Devil Within]

...

LOL!... Fucking retarded Asterix is like those same fools that believe Communism will help the poor. LOL!....

LOL!... You really are a fucking retarded idiot who need to beg gov to help you increase your pay!... LOL!...

LOL!... You get fucked continuously by Uncle Devil here, you fucking retarded PAP IB Asterix. Uncle Devil here love to help you showcase your stupidity.

Come on, be a good boy and ask Uncle Devil here to help you to showcase your stupidity. LOL!...

 

[Asterix]

Skip the doggerel if you've seen it before and go straight to info section the gist of which is that labour force in HK grew after implementation of minimum wage.


No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN*

Information Section (will be varied with each new post):

From 2012 Report of the Minimum Wage Commission (HK) – Chapter 3

3.II Local Labour Market

3.II.1 In a state of full employment

3.8 Overall demand for labour was strong alongside the resilient domestic consumption and vibrant inbound tourism. Total employment increased sharply by 2.9% in 2011, not only distinctly up from the meagre 0.2% rise in 2010, but also the largest since 2001.

This trend continued in mid-2012, with total employment rising further by 78 100 in June to August 2012 to 3.67 million, representing a year-on-year increase of 2.2%. A noticeable growth was observed in the lower-skilled segment, with employment gains reaching 87 500 (or 4.0%) (Figure 3.4). Meanwhile, labour supply also grew persistently. The labour force increased substantially by 2.0% in 2011, recording the strongest growth since 1998 and reversing the decline of 0.8% in 2010. Conceivably, more job opportunities arising from the economic expansion, coupled with the initial SMW rate, enticed more people to join the labour market. Up to June to August 2012, the labour force grew by 2.2% year-on-year to 3.80 million.

 

[Devil Within]

....

LOL!... Fucking retarded Asterix, no one is interested to read your cut and paste bull shit when you can't even debate it convincingly with Sam or me.

Fucking retarded Asterix is like those same fools that believe Communism will help the poor. LOL!....

You really are a fucking retarded idiot who need to beg gov to help you increase your pay!... LOL!...

You get fucked continuously by Uncle Devil here, you fucking retarded PAP IB Asterix. Uncle Devil here love to help you showcase your stupidity.

Come on, be a good boy and ask Uncle Devil here to help you to showcase your stupidity. LOL!...

 

[Asterix]

Remained virtually in a state of FULL EMPLOYMENT okay even after implementation of minimum wage in HK. Kudos to their relatively underpaid Ministers who must be corrupt because they did what was good for the People and did not steal toothpicks while drawing multi-million dollar salaries. Go straight to Info Section if you've seen the doggerel before.


No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN

Information Section (will be varied with each new post):

From 2012 Report of the Minimum Wage Commission (HK) – Chapter 3

3.9 While employment is a lagging indicator, the labour market held up well despite the economic slowdown since early 2012. In particular, labour demand in the domestic-oriented sectors and those related to exports of services, such as construction and retail, remained strong. This also tied in with the resilience of domestic demand. In addition, employment in the less economic cycle-prone social and personal services sector was relatively stable and served as an additional buffer. The domestic-oriented sectors scored significant employment gains over the past year or so, more than offsetting the job losses in the trade-related sectors, which in turn explained why the labour market had been able to hold up so well despite the economic slowdown (Figure 3.5).

3.10 As labour demand persistently outstripped the supply, the seasonally adjusted unemployment rate fell noticeably from 3.6% in the second quarter to 3.2% in the third quarter of 2011, and continued to hover at a low level in mid-2012. The labour market remained virtually in a state of full employment. The underemployment rate likewise remained low. As at June to August 2012, the underemployment rate was 1.7% (Figure 3.6).

 

[Devil Within]

Remained virtually in a state of FULL EMPLOYMENT okay even after implementation of minimum wage in HK.

Fucking retarded Asterix is like those same fools that believe Communism will help the poor. LOL!....

http://www.bloomberg.com/news/2012-...e-minimum-wage-by-7-1-as-inflation-bites.html
Hong Kong Plans First Increase to Minimum Wage as Costs Rise
Hong Kong ’s government plans to raise the city’s minimum wage by 7.1 percent, the first increase since introducing it last year, helping residents squeezed by inflation and the world’s highest home prices.

LOL!... Only a year implementation and already Hong Kong is asking for ANOTHER raise in minimum wage because of INFLATION! LOL!....

It is an unending cycle of raising minimum wage and inflation till everyone suffer! LOL!..

The 3.2% unemployed will suffer even more with no income and ever increasing inflation! So how are they going to survive? The already unemployed poor will become EVEN MORE poor with high inflation and no income! Fucking retarded Asterix want unemployed poor Singaporeans to suffer even more with inflation!

You really are a fucking retarded idiot who need to beg gov to help you increase your pay!... LOL!...

You get fucked continuously by Uncle Devil here, you fucking retarded PAP IB Asterix. Uncle Devil here love to help you showcase your stupidity.

Come on, be a good boy and ask Uncle Devil here to help you to showcase your stupidity. LOL!...

 

[Asterix]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN*
*
Information Section (will be varied with each new post):
From 2012 Report of the Minimum Wage Commission (HK) – Chapter 3


3.11 Thanks to the buoyant labour market and the boost from the initial SMW rate, employment earnings showed notable broad-based improvement. The average monthly employment earnings of overall full-time employees (excluding government employees and live-in domestic workers not covered by SMW) achieved a year-on-year growth of 5.4% and 2.7% for the whole year of 2011 and May to July 2012 respectively. For the same periods, the average monthly employment earnings of full-time employees in the lowest decile group rose by 10.7% and 8.1% respectively year-on-year. After discounting for inflation, the increases were 4.8% and 6.4% in real terms respectively. All these indicated that the implementation of SMW markedly improved the income of grassroots employees (Figure 3.7). We will analyse in greater detail the effect of SMW on employees’ income in Chapter 4.

 

[Devil Within]

.

LOL!... Fucking retarded Asterix got no balls to counter my points and act blur like a fucking retard! LOL!...

Fucking retarded Asterix is like those same fools that believe Communism will help the poor. LOL!....

Fucking retarded Asterix want unemployed poor Singaporeans to suffer even more with inflation!

You really are a fucking retarded idiot who need to beg gov to help you increase your pay!... LOL!...

You get fucked continuously by Uncle Devil here, you fucking retarded PAP IB Asterix. Uncle Devil here love to help you showcase your stupidity.

Come on, be a good boy and ask Uncle Devil here to help you to showcase your stupidity. LOL!...

 

[Asterix]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN*

Information Section (will be varied with each new post):

New video:


[video]https://www.youtube com/watch?v=XKBdE6UcpKw[/video]

 

[Devil Within]

....

LOL!... Fucking retarded Asterix got no balls to counter my points and act blur like a fucking retard! LOL!...

Fucking retarded Asterix is like those same fools that believe Communism will help the poor. LOL!....

Fucking retarded Asterix want unemployed poor Singaporeans to suffer even more with high inflation!

You really are a fucking retarded idiot who need to beg gov to help you increase your pay!... LOL!...

You get fucked continuously by Uncle Devil here, you fucking retarded PAP IB Asterix. Uncle Devil here love to help you showcase your stupidity.

Come on, be a good boy and ask Uncle Devil here to help you to showcase your stupidity. LOL!...

 

[Asterix]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN*

Information Section (will be varied with each new post):

From 2012 Report of the Minimum Wage Commission (HK) – Chapter 3
3.15 Rising cost pressures on enterprises were also noticeable in 2011. With the labour market virtually in a state of full employment, wages picked up visibly and recorded its largest increase since 1994, which is also believed to be attributable to the impact brought about by SMW implementation. Moreover, surging commercial rental costs on support of thriving retail business and generally sanguine business sentiment during most of the year also put additional pressure on domestic costs (Figure 3.9). With greater pricing power amidst a buoyant domestic economy, retailers and restaurants were able to pass on the additional labour and other operating costs to consumers.

3.16 Nonetheless, inflation showed a receding trend in the first half of 2012, consequential upon easing imported inflation stemming from softening global food and commodity prices as well as slower inflation in Hong Kong’s major trading partners. Meanwhile, wage costs grew at a slower pace, albeit against the backdrop of tight labour market conditions. Office rentals also moderated on a year-on-year basis. Compared with the same period a year earlier, composite consumer price inflation went down from 5.2% in the first quarter of 2012 to 4.2% in the second quarter. The CPI(A), which reflects the livelihood of the grassroots, likewise fell from 4.6% in the first quarter to 3.7% in the second quarter (Figure 3.10). Inflation eased as domestic cost pressures gradually receded and the economy moderated.

 

[Devil Within]

.....

LOL!... Fucking retarded Asterix want to con poor Singaporeans into more hardship!

From your cut and paste report you forgot to mention the below! LOL!...


http://www.mwc.org.hk/en/downloadable_materials/2012MWCReport-Eng.pdf
(b) Number of enterprises turning from profits to losses and the total number of employees in these enterprises

6.33 As shown in the situations of individual sectors above, some enterprises may find it
difficult to raise prices and downsize due to their operating environments and
characteristics. They may thus have to offset additional wage bills by reducing profits.

For those enterprises with low profit margins, additional wage bills may turn them from
profits to losses. Under the constraints of up-front investments and tenancy
agreements or owing to their operating strategies, enterprises incurring losses may not
close down immediately to cause losses in employment opportunities.

When these enterprises close down, their market shares may be taken up by existing enterprises or
even by newly established ones which would in turn hire some of the laid-off
employees. However, in the long run, enterprises incurring losses would be more
likely to lay off their staff or even close down, thereby exerting some pressure on the
labour market.

Fucking retarded Asterix is like those same fools that believe Communism will help the poor. LOL!....

Fucking retarded Asterix want unemployed poor Singaporeans to suffer even more with inflation and unemployment!!

You really are a fucking retarded idiot who need to beg gov to help you increase your pay!... LOL!...

You get fucked continuously by Uncle Devil here, you fucking retarded PAP IB Asterix. Uncle Devil here love to help you showcase your stupidity.

Come on, be a good boy and ask Uncle Devil here to help you to showcase your stupidity. LOL!...

 

[Asterix]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN

Information Section (will be varied with each new post):

From 2012 Report of the Minimum Wage Commission (HK) – Chapter 3

3.17 In sum, the good macroeconomic situation in 2011 provided a very favourable environment conducive to the implementation of the initial Statutory Minimum Wage ("SMW") rate. In particular, strong domestic demand eased the possible pressures brought about by SMW on unemployment and business operation, and largely helped alleviate the negative impact as anticipated before SMW implementation.

3.18 After examining these socio-economic conditions during the implementation of the initial SMW rate, we will analyse in detail the impact of the initial SMW rate in Chapter 4.

 

[Leongsam]

This is has got to be the most inane exchange in the history of this forum.

 

[Devil Within]

...

LOL!.. Fucking retarded Asterix want unemployed poor Singaporeans to suffer even more with high inflation!

http://www.bloomberg.com/news/2012-...e-minimum-wage-by-7-1-as-inflation-bites.html

Hong Kong implemented its minimum wage in May 2011. Inflation jumped 5.3 percent last year and may be 3.9 percent this year, the government said Nov. 16.

The commission estimates the city’s unemployment rate will rise 0.3 percentage point in the first half of next year because of the minimum wage increase, assuming the economy grows at 1 percent in 2013, Cheung said yesterday.

Fucking retarded Asterix is like those same fools that believe Communism will help the poor. LOL!....

Fucking retarded Asterix want unemployed poor Singaporeans to suffer even more with inflation and unemployment!!

You really are a fucking retarded idiot who need to beg gov to help you increase your pay!... LOL!...

You get fucked continuously by Uncle Devil here, you fucking retarded PAP IB Asterix. Uncle Devil here love to help you showcase your stupidity.

Come on, be a good boy and ask Uncle Devil here to help you to showcase your stupidity. LOL!...

 

[Asterix]

This is has got to be the most inane exchange in the history of this forum.

It is not an exchange my dear. Should be pretty obvious by now that I have not read a single one of that Goon Devil Within's posts in this thread once I have established that he is a troll out to anger and irritate so that his Lightning brigade can dominate the airwaves.

I am only interested in the eyeballs and brains of the innocent bystander. Besides, I have cut down the information (written by others, but a very reliable source, the Government of Hong Kong no less where the most demanding citizens in the world put democracy to the test in a traditional Chinese context) to easily digestable portions. And I am so lazy that I am posting them as I am reading the report. Killing two birds with one stone.

The idea of letting Lightning's running dogs on the internet dominate the airwaves just because they have infinite resources and people on the job 24 X 7 to anger and irritate any nick that is troublesome to their Masters does not sit well with my temperament. Neither do I wish to spend too much time on dealing with them. I believe I've found an efficient way of dealing with this. You may differ but you have to admit that this thread, especially my posts, contain more useful information than that Battlestar Galactica. Time for a commercial break:

[video=youtube;BgAlQuqzl8o]https://www.youtube.com/watch?v=BgAlQuqzl8o[/video]

 

[Devil Within]

It is not an exchange my dear. Should be pretty obvious by now that I have not read a single one of that Goon Devil Within's posts in this thread once I have established that he is a troll out to anger and irritate so that his Lightning brigade can dominate the airwaves.

I am only interested in the eyeballs and brains of the innocent bystander. Besides, I have cut down the information (written by others, but a very reliable source, the Government of Hong Kong no less where the most demanding citizens in the world put democracy to the test in a traditional Chinese context) to easily digestable portions. And I am so lazy that I am posting them as I am reading the report. Killing two birds with one stone.

The idea of letting Lightning's running dogs on the internet dominate the airwaves just because they have infinite resources and people on the job 24 X 7 to anger and irritate any nick that is troublesome to their Masters does not sit well with my temperament. Neither do I wish to spent too much time on dealing with them. I believe I've found an efficient way of dealing with this. You may differ but you have to admit that this thread, especially my posts, contain more useful information than that Battlestar Galactica:

LOL!... Fucking retarded Asterix can't debate and chicken out! Fucking ball less Asterix dare not even read the flaws of his arguments!... LOL!


Hong Kong started enforcing minimum wage policy in May 2011, and then 2 years later had to INCREASE minimum wage in may 2013 due to inflation!!!! Congrats to Hong Kong for starting the vicious cycle of even increasing minimum wage and inflation! Making it more difficult for small new enterprise to employ more workers and making unemployed poor even poorer with raising inflation.

http://www.lexology.com/library/detail.aspx?g=075affa4-c2ae-42d1-8f18-4a7dd2358369
Minimum wage increase from 1 May 2013

The Minimum Wage Ordinance (Cap. 608) (the "Ordinance") came into force on 1 May 2011 and introduced a statutory minimum hourly wage rate of HK$28. With effect from 1 May 2013, the statutory minimum hourly wage rate will be increased for the first time to $30 per hour, an increase of 7.1%.

Hong Kong small enterprise or SMALL NEW business will find it hard to grow as they will have increased labour cost! Not to mention new small start up company will find it difficult to employ people with higher minimum wage! Some may not even start up! This will slow down growth of small new companies and hence reducing employment rate growth!

Slowing Growth
http://www.bloomberg.com/news/2012-...e-minimum-wage-by-7-1-as-inflation-bites.html

The wage increase comes as the city faces slowing growth. The economy may expand 1.2 percent this year, the government said Nov. 16, which would be the slowest pace since 2009 when the economy contracted 2.6 percent. Gross domestic product increased 5 percent last year and 7.1 percent in 2010.

Fucking retarded Asterix is like those same fools that believe Communism will help the poor. LOL!....

Fucking retarded Asterix want unemployed poor Singaporeans to suffer even more with inflation and unemployment!!

You really are a fucking retarded idiot who need to beg gov to help you increase your pay!... LOL!...

You get fucked continuously by Uncle Devil here, you fucking retarded PAP IB Asterix. Uncle Devil here love to help you showcase your stupidity.

Come on, be a good boy and ask Uncle Devil here to help you to showcase your stupidity. LOL!...

 

[Asterix]

Ladies and Gentlemen, my involuntary but nonetheless on the ball PAPy dog thread pusher has come on-line again. Skip the doggerel if you've seen it before and go to the Information Section.


No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

From 2012 Report of the Minimum Wage Commission (HK) – Chapter 4

4.I Impact on Employees

4.I.1 Changes in wages/salaries/employment earnings of employees

4.9 The implementation of Statutory Minimum Wage ("SMW") offered wage protection to grassroots employees and notably improved income of low-paid employees. Data from the 2011 AEHS allowed us to review the wage levels and wage distribution of employees in Hong Kong in May to June 2011(1), just after the implementation of the initial SMW rate. While our review was mainly based on the findings of AEHS, we also made reference to the information from the monthly General Household Survey (GHS) and the quarterly Labour Earnings Survey (LES) as a supplement.

4.10 The change in monthly wages of employees between 2010 and 2011 could reflect the impact of SMW on employees’ income. According to the findings of the 2011 AEHS, the year-on-year increases of monthly wages of employees in the lower wage bands of the overall monthly wage distribution were more noticeable: the 10th and 25th percentiles of monthly wages increased from $5,900 and $8,000 in April to June 2010 to $6,900 and $9,000 in May to June 2011, representing increases of 17.7% and 12.5% respectively. These increases outpaced those for the median (8.5%) and the 75th percentile (11.1%). The growth of monthly wages of full-time employees was similar (Figure 4.3).

 

[Devil Within]

...

LOL!... Fucking retarded Asterix so-called Hong Kong "well-crafted" minimum wage policy did not stop inflation and slow growth!

Enforced in 2011, but need to increase minimum wage agian 2 years later in 2013 by 7.1% due to inflation!!!!

Fucking retarded Asterix is like those same fools that believe Communism will help the poor. LOL!....

Fucking retarded Asterix want unemployed poor Singaporeans to suffer even more with inflation and unemployment!!

You really are a fucking retarded idiot who need to beg gov to help you increase your pay!... LOL!...

You get fucked continuously by Uncle Devil here, you fucking retarded PAP IB Asterix. Uncle Devil here love to help you showcase your stupidity.

Come on, be a good boy and ask Uncle Devil here to help you to showcase your stupidity. LOL!.