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WHAT CRAP IS THIS?!?!
http://tnp.sg/news/story/0,4136,249141,00.html?
That's what you might pay if S'pore has shortage of foreign workers
$10 for a plate of nasi lemak?
By Vivien Heng and Koh Hui Theng
July 16, 2010
Singapore’s economy is sizzling. That's good news.
Our Gross Domestic Product (GDP) rose 18 per cent in the first half of this year, but it needs workers to meet an expanding economy with a greater demand. (Seen as a measure of the country's wealth, GDP refers to the value of goods and services produced.)
But if there is a shortage of foreign workers, be prepared to pay $10 for a plate of nasi lemak.
This year, we're looking at 13 to 15 per cent growth overall, said the Ministry of Trade and Industry. The last time the economy crossed 13 per cent was in 1972.
But since the labour market is tight, bosses have to offer higher pay to attract workers.
As labour, transport and other expenses rocket, companies will sell their products or services at a higher price to maintain profits.
So consumers end up paying more for the same item.
http://tnp.sg/news/story/0,4136,249141,00.html?
That's what you might pay if S'pore has shortage of foreign workers
$10 for a plate of nasi lemak?
By Vivien Heng and Koh Hui Theng
July 16, 2010
Singapore’s economy is sizzling. That's good news.
Our Gross Domestic Product (GDP) rose 18 per cent in the first half of this year, but it needs workers to meet an expanding economy with a greater demand. (Seen as a measure of the country's wealth, GDP refers to the value of goods and services produced.)
But if there is a shortage of foreign workers, be prepared to pay $10 for a plate of nasi lemak.
This year, we're looking at 13 to 15 per cent growth overall, said the Ministry of Trade and Industry. The last time the economy crossed 13 per cent was in 1972.
But since the labour market is tight, bosses have to offer higher pay to attract workers.
As labour, transport and other expenses rocket, companies will sell their products or services at a higher price to maintain profits.
So consumers end up paying more for the same item.