I have been thinking. Actually the policy is not wrong. But 2 other things we have to question.
The policy is not sound to take into consideration of the implications of importing low cost migrants to affect the livelyhood of the local Singaporeans. PAP dominates Singapore industries with Tesmaske Holdings as their holding company. You should know what a holding company is set up for. PAP, as a dominate employers, want to show good GPD by importing low cost employees at the expense of its voters. This is where the problem lies.
What is our economic direction? What is the vision? Become a super manufacturing hub? What are the industries we want? Everything?
I think this is the biggest problem. We don't know where we are going. Or the laymen on the streets don't know where our economy is headed. When you don't know, you can't prepare yourself for the necessary skills. You don't know which company to buy share or invest in. You don't know which item to import to complement the direction and earn on the rising tide.
In your case, you are waiting for gahment instructions, a common saying in Singapore. Industries are created by the people, not PAP dominated companies and these PAP companies is like you waiting for instructions.
PM himself subtely admit that the FT policy is to moderate the wages. What he really might mean is the costs is high and have to be moderated to compete with cheaper places like China and India.
Kidding, it is to seek low cost employees, nothing to do on moderate wage. If PAP did not dominates all industries, under TH, you will see the gahment will implement min wage to protect its voters.
But notice costs is not only wages, which he seem to equate. Costs include rental, utilities. You notice the rental income in Singapore damn good? This means the $$ split is going more to the property developers and "investors". Why are we "subsidising" these people when we need to work so hard to become cheaper? And PM did not touch on cost of utilities. Most of rental and utitlities are under GLCs right?
No comment.
So why are we so not happy on the FT issue? No it is not the policy. It is the FT lousy attitude and their perceive superiority over us we not happy. And what is the main issue we should be unhappy with? It is not even the FTs we attract. It is the other 2 items I just said.
