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

[Asterix]

Wow, my conscript thread pusher (i.e. slave labour) is on the ball. Good doggy. :oIo:

Skip and go to the Information 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 4

4.11 As mentioned above, most low-paid employees were relatively young or relatively old, and with lower level of educational attainment. With the implementation of the initial SMW rate, the median monthly wages of employees aged 15 to 24, aged 55 and above and with educational attainment of primary and below surged by 12.5%, 22.2%, and 20.1% respectively. These increases were more visible as compared to those for employees in other age groups and with other levels of educational attainment (Figure 4.4).

4.12 As there were more low-paid employees in Low Paid Sectors ("LPS"), more noticeable increases were seen in the monthly wages of employees engaged in these sectors. The median wage of LPS as a whole increased from $7,900 in April to June 2010 to $9,000 in May to June 2011, representing an increase of 13.9%, with a more significant growth of 24.8% for employees engaged in estate management, security and cleaning services. Despite these significant increases, the proportion of employees earning the initial SMW rate was still relatively large in LPS, indicating that their monthly wages prior to the implementation of the initial SMW rate were relatively low. Moreover, about 90% of low-paid employees were elementary workers, and service and sales workers. The median monthly wages of employees engaged in these lower-skilled occupations also increased year-on-year by 19.3% and 10.7% respectively in May to June 2011, higher than the increases for other occupational groups (with year-on-year increases ranging from 6.5% to 6.9%) (Figure 4.5).

 

[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 high 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]

PAPy doggie Devil Within, you are too slow. :oIo:

Skip doggerel and go to Info Section if you've seen it 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 4

4.13 Based on the findings of LES, the nominal and real wage indices have been on the uptrend since September 2010, broadly reflecting the persistently tight labour market (Figure 4.6). Nevertheless, the one-off boosting effect of the initial Statutory Minimum Wage ("SMW") rate on wages was still substantial. For instance, the nominal wage index recorded a quarter-to-quarter increase of 3.9% (a year-on-year increase of 8.0%) in June 2011 (just after the implementation of the initial SMW rate), the largest ever on a quarter-to-quarter basis. Over the same period, the nominal wage indices for elementary workers as well as service and sales workers, which reflect wages of lower-skilled employees, surged by 10.5% and 5.0% quarter-to-quarter respectively (year-on-year increases of 13.6% and 11.7% respectively), significantly outpacing that of the overall. After discounting the effect of inflation, their real wage indices also rose by 9.0% and 3.6% quarter-to-quarter respectively (up by 7.3% and 5.5% year-on-year respectively). This suggests that the implementation of SMW substantially improved the income of grassroots employees in real terms. As at June 2012, despite the dissipating impact of SMW, the above two nominal wage indices still recorded year-on-year increases of 4.3% and 7.3% respectively.

 

[Devil Within]

Devil Within, you are too slow. :oIo:

LOL!... I can see that you are so lonely here that you need Uncle Devil here fuck you deep deep... LOL!....

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 high 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 CHOW AQUA Devil Within should be grateful to me. I give him job opportunity to make 50 cents per post to "serve" the PAP and the course of doing so unwitting become my involuntary thread pusher.

Skip the doggerel and go to Info Section if you've seen it before, this time there's a NEW video there!


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

4.14 The average monthly salaries of some typical low-paid occupations such as cleaner, guard, and dishwasher also rose significantly. As compared with March 2011 (before the implementation of SMW rate), the average monthly salaries across these low-paid occupations went up by $400 to $800 in June 2011, with the rising trend continuing thereafter. As at June 2012, the year-on-year pay rise of these low-paid occupations ranged from 4.4% (cleaner) to 11.6% (waiter/waitress) (Figure 4.7).

[video=youtube;d7S1Su-D4-Y]https://www.youtube.com/watch?v=d7S1Su-D4-Y[/video]

 

[Devil Within]

....

LOL!... The ever fucking retarded Asterix is hallucinating again. Just like how you think communism will help the poor. Uncle Devil here is doing very well here running my own business unlike losers like you who need gov to help you to get better pay, by making the unemployed poor poorer. LOL!...

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 high 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]

PAPies lying through their teeth as always. Most capitalist place in the world implemented minimum wage and it has brought about significant improvements for low wage workers without the sky falling. Skip the doggerel if you've seen it and go straight to the Info Section to find out more.


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

4.15 Furthermore, we also examined data from GHS on employment earnings as at the second quarter of 2012. Although the coverage of employment earnings is different from that of wages (both include basic wage, commission, tips and guaranteed allowance, but employment earnings also cover discretionary bonus and allowance from employers), the movement of employment earnings can also serve as a crude indicator of pay trend. As shown in Figure 4.8, after the implementation of the initial Statutory Minimum Wage ("SMW") rate, employment earnings of the lower-skilled full-time employees (including elementary workers, and service and sales workers) had surged noticeably since the second quarter of 2011 in both nominal terms and real terms, with the latter discounting the effect of inflation. Although the effect gradually dissipated over time, the growth in their employment earnings was still more substantial when compared with that of the higher-skilled full-time employees. Judging from the observations on different indicators, the initial SMW rate had brought a significant positive effect on the income of grassroots employees, thereby improving their livelihood.

 

[Devil Within]

LOL!... Fucking retarded Asterix got no brains to think!

Almost all the minimum wage countries experiencing inflation and need to increase wage every few years to keep up with the inflation and causing the unemployed poor even poorer.

Fucking retarded Asterix, go read the book "Minimum wage" by economists David Neumark and William Wascher.

Business Implications -Although some companies may have large enough profit margins to not raise prices, most businesses will not be able to afford increasing the minimum wage without raising the prices of products or services. Costs of goods will most surely have to rise in order to pay employees or alternatively companies who can not raise their prices will have to resort to layoffs or go out of business altogether. If prices rise in order to help pay for increased wages, we will see inflation.

According to Minimum Wages vs Unemployment:
http://unemploymentdata.com/unemployment/minimum-wages-vs-unemployment/

Much of the current problem with youth unemployment is due to the high minimum wage increases we’ve seen over the last five years. When the crisis hit in 2008, the minimum wage was $5.85. Lots of jobs got shaken up. Low-wage workers hit the road. When things settled down again, they went knocking on doors. The next year, they found that it was illegal to accept a wage less than $7.25. And we wonder why so many people are unemployed? It’s not a mystery. The huge increase in the wage floor is not the whole reason, but it is a contributing factor.

Anyone who understands basic economics knows that the result of raising the minimum wage can only be:

Higher unemployment as companies scale back to reduce expenses.
Higher costs to consumers as companies raise prices to cover the higher wages they have to pay
Companies closing their doors because they can’t scale back or raise prices.
So the result of an increased minimum wage is either higher inflation or higher unemployment both of which are components of the Misery Index thus increasing the minimum wage will most likely increase the overall misery of the country.

In their book Minimum Wages economists David Neumark and William Wascher offer a comprehensive overview of the evidence on the economic effects of minimum wages. Based on their comprehensive reading of the evidence, Neumark and Wascher argue that minimum wages do not achieve the main goals set forth by their supporters. They reduce employment opportunities for less-skilled workers and tend to reduce
their earnings; they are not an effective means of reducing poverty; and they appear to have adverse longer-term effects on wages and earnings, in part by reducing the acquisition of human capital. The authors argue that policymakers should instead look for other tools to raise the wages of low-skill workers and to provide poor families with an acceptable standard of living.



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!...

 

[Leongsam]

Can the two of you shut the fuck up.

 

[po2wq]

minimum wage exists in sinkielan ...

iz 4 ah loon n his jingang ...

 

[Asterix]

Doomsday scenario busted. PAP scare tactics exposed. If you've already seen the doggerel, go to the Info Section to find out why!


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.II.2 Entrepreneurship, business environment and sentiment

4.38 There were views that additional operating costs induced by Statutory Minimum Wage ("SMW") might on one hand have weakened the incentive for business start-up, and caused less competitive enterprises to gain less profit, or even incur losses and close down their businesses on the other. Whether these scenarios took place could be reflected by changes in the numbers of establishments, business registrations, and bankruptcy and winding-up petitions.

4.39 As shown in Table 4.5, there were increases in the numbers of establishments in all sectors as well as in Low Pay Sectors ("LPS") after the implementation of the initial SMW rate. As at June 2012, the number of establishments rose to a record high of 349 645 (or a year-on-year increase of 1.7%). Hence, the implementation of the initial SMW rate did not seem to have significant adverse impact on entrepreneurship.

 

[Asterix]

Can the two of you shut the fuck up.

Can you please stop worrying, I'll take care of everything.

[video=youtube;lVKbU0R4ygg]http://www.youtube.com/watch?v=lVKbU0R4ygg[/video]

 

[Devil Within]

...

Fucking greedy retarded Asterix want Singapore poor to suffer more with high inflation!

Minimum wage will not help these homeless JOBLESS poor with high inflation!

 

[Asterix]

Doomsday scenario busted. PAP scare tactics exposed. In sum, the PAP MiniSTARs are talking cock like Mister Alex Foley of Beverly Hills Cop (see post # 192 above)!

If you've already seen the doggerel, go to the Info Section to find out why!


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

4.42 In sum, local enterprises did not seem to cut down recruitment significantly after the implementation of the initial Statutory Minimum Wage ("SMW") rate. On the contrary, with the expanding economic activity, the number of establishments increased in tandem. Incentives for business start-up stayed positive generally. Although we do not have information on the profitability of different sectors after SMW implementation, taking the retail and restaurant sectors as examples, the considerable growth in their business receipts in 2011 amidst a buoyant economy conceivably helped ease the cost pressures arising from the initial SMW rate in these sectors.

 

[Devil Within]

...

Fucking retarded Asterix only want to raise salary for himself!

Minimum wage will only benefit those with full time job from entry level and above, as all will be adjusted up based on minimum wage.

However, those homeless JOBLESS poor will be poorer with no income and little savings, getting harder to find work and reduced purchasing power due to inflation!

Fucking retarded Asterix want poor jobless Singaporeans to suffer even more for his selfish greed!

Minimum wage will not help these struggling homeless jobless old folk because they have no wage but their savings and little earnings get robbed by inflation!

 

[Asterix]

Doomsday scenario busted. PAP scare tactics exposed. The labour market quickly adjusted to Minimum Wage in HK and the net result is that MORE lowly skilled workers became employed at BETTER PAY!

If you've already seen the doggerel, go to the Info Section to find out why!


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.III Impact on the Labour Market, Prices and Overall Economy of Hong Kong

4.43 For many people in society, their income was not directly affected by the implementation of the initial Statutory Minimum Wage ("SMW") rate. Their main concerns about SMW are rather the impact of SMW on the overall macroeconomic situation of Hong Kong (including the local labour market, prices and economic competitiveness).

4.III.1 Impact on the labour market (1): employment conditions

4.44 In reviewing the SMW rate, we were particularly concerned about the employment situation of those who would more likely be affected by SMW. Taking lower-skilled employees as an example, when the initial SMW rate was just implemented, their unemployment rate once surged by 0.5 percentage point from 3.8% in the first quarter of 2011 to 4.3% in the second quarter. During the same period, the number of lower-skilled employees (excluding government employees and live-in domestic workers not covered by SMW) dropped by 32 000 (or 1.9%), indicating that the labour market took time to adapt when SMW was just implemented. The pace of job creation gradually accelerated thereafter, offsetting the previous loss. As at the second quarter of 2012, the number of lower-skilled employees increased notably by 54 300 (or 3.3%) year-on-year, accounting for over 60% of additional employees in Hong Kong (Table 4.6).

 

[Devil Within]

....

Fucking greedy retarded Asterix act like the PAP gov who ignore the real problem of the poor and only care for his own wage increase JUST LIKE THE PAP!..

Minimum wage will have no effect to the bottom homeless, jobless destitute poor as they DO NOT HAVE ANY WAGE!

Fucking heartless greedy retarded Asterix act blur about the REAL poor and pretend to care but only harm them with high inflation JUST LIKE THE PAP!

Minimum wage will not help these old homeless jobless folks but will make them suffer more with inflation robbing their purchasing power!

 

[Asterix]

...........................

Fucking retarded PAPpy Devil Within, spinning stories again
Experience in most capitalist place on earth Fragrant Harbour
Has shown that minimum wage helps the very age group
Whose sorry pictures he posted in Lightning style scarce tactic

2012 Report of the Minimum Wage Commission

Chapter 4: Impact of the Initial Statutory Minimum Wage Rate

4.45 Employees with less experience and lower productivity usually face greater risks of unemployment. Younger (aged 15 to 24) and older (aged 55 and above) persons, as well as persons with educational attainment at secondary 3 and below accounted for a significant share of low-paid employees (see paragraph 4.6). The unemployment rates of most of these groups edged up slightly when the initial Statutory Minimum Wage ("SMW") rate was just implemented. Yet, with the increasingly tight labour market, the employment conditions of these groups improved substantially (Table 4.6).

4.46 The employment conditions in Low-Paying Sector ("LPS") also took time to adjust. When the initial SMW rate was just implemented, there was some upward pressure on the unemployment rates in most LPS. In particular, the unemployment rate of restaurants went up by 1.6 percentage points quarter-to-quarter to 6.6% in the second quarter of 2011 (Figure 4.20). However, in general, owing to the thriving inbound tourism and strong domestic demand, the unemployment rates of almost all LPS gradually came down. The unemployment rates of only certain LPS (including restaurants, cleaning services, and hairdressing and other personal services) in the second quarter of 2012 were still slightly higher than the levels before SMW implementation (the first quarter of 2011) (Table 4.7).

4.47 Job growth was noticeable in most of LPS. The total number of employees increased substantially by 87 300 (or 3.2%) from the second quarter of 2011 to the second quarter of 2012. Although nearly 60% of the job gains came from other sectors, the pace of job creation in LPS was markedly faster (Table 4.7).

 

[Devil Within]

....

Fucking heartless greedy retarded Asterix keep avoiding the fact that minimum wage will not help the REAL homeless jobless old folks who are struggling to make ends meet!

Fucking heartless greedy retarded Asterix only care for his own wage increase and ignore the REAL poor JUST LIKE THE PAP!

Everyone here can see for a fact that minimum wage will not help these struggling homeless jobless old folks but will make them suffer more with high inflation! Only fucking heartless greedy retarded Asterix will pretend this never happened. JUST LIKE THE PAP!

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]

Commercial break while I laugh at the clumsiness of the "PAP IB" Devil Within.

[video=youtube;tsQPhfIB28Y]http://www.youtube.com/watch?v=tsQPhfIB28Y[/video]