Balance economic resilience and respect for workers amid job changes

[True Believer]

Critics argue that StanChart CEO Bill Winters' comments were demeaning, insensitive and reduced employees to mere line items on a balance sheet. The CEO's supporters argue that he was just being a realist, telling the brutal truth about the changing job landscape in the age of AI. The writer of this ST Forum letter opines that while employers must stay competitive and adopt AI, the economic realism is no excuse for corporate insensitivity. Phrases like "lower-value human capital" fail because they treat employees like depreciating machinery rather than people who have contributed to the company’s success. Unfortunately, this is exactly how the PAP treats S'poreans as cogs in the wheel that keep the economy going at full steam, so we are expendable when it comes to economic growth at all costs, like what has been happening for the past 20 years, with foreign PMETs brought in to displace many true blue S'poreans from their livelihood.

https://www.straitstimes.com/opinio...ence-and-respect-for-workers-amid-job-changes

 

[batman1]

In SG.
,the Govt MOM + Employers + NTUC have exploited and crushed the rights and dignity of the sinkee workers.

 

[True Believer]

In SG. ,the Govt MOM + Employers + NTUC have exploited and crushed the rights and dignity of the sinkee workers.

The PAP is running the country like a for-profit company. As S'pore transitions into a high-value global hub, the influx of foreign PMETs creates direct competition for mid-to-senior level roles. For S'poreans, losing a job or feeling stagnant while seeing CECAs thrive, feels understandably like displacement.

 

[k1976]

The PAP is running the country like a for-profit company. As S'pore transitions into a high-value global hub, the influx of foreign PMETs creates direct competition for mid-to-senior level roles. For S'poreans, losing a job or feeling stagnant while seeing CECAs thrive, feels understandably like displacement.

Singapore Inc.
Leemember?

 

[True Believer]

Singapore Inc. Leemember?

In spite of high median incomes, the govt policies tied to continuous economic growth have allowed a wealthy elite to thrive, while lower- and middle-income families bear the full force of inflation and tax adjustments like the GST hikes. The rising prices of BTO and resale flats are another source of anxiety. Many younger S'poreans and 1st-time HDB buyers believe that public housing is no longer purely affordable public homes, but an investment that prices many citizens out.