GMS: Ass Loon DOESN'T UNDERSTAND THAT WAGES MUST KEEP UP WITH INFLATION

[makapaaa]

[h=1]PM LEE DOESN'T UNDERSTAND THAT WAGES MUST KEEP UP WITH INFLATION[/h]
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12 Oct 2014 - 7:00am





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I am seriously worried of how PAP, especially PM Lee, talk about wages. They have given very misleading concept and signals to employers, unions and workers about "wage increase only productivity increase".

The truth is, in economics theory, it is all about REAL WAGE increases when productivity increases. It means that wages should AT LEAST increase in tantrum with inflation generally so that workers will be able to cope with inflationary pressures. Increment according to inflation basically means ZERO REAL wage increase but at the very least, it is NOT REAL WAGE DECREASE if wages stay the same while inflation keep going up.

For PAP Ministers who are paid millions every year, they should know such simple basic concept for wages but apparently, they are misleading everyone with their rhetoric. They are paid so much to make sure Singaporeans' livelihood and standards of living will improve over time, not to reduce our standards living!



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How could they spew such nonsensical things in public discourse? Why are Singaporeans still taking their nonsense and continue to vote for them? VTO lah!

Goh Meng Seng
*Article first appeared on https://www.facebook.com/gohmengseng.freedom/posts/10204157212023711

 

[micromachine]

It isn't because he doesn't understand, its because he simply DOES NOT CARE.

 

[Leongsam]

It isn't because he doesn't understand, its because he simply DOES NOT CARE.

It is not the government's job to ensure that wages keep up with inflation. It is the responsibility of each and every individual to ensure that he becomes more productive as the years go by in order to keep his wage increases ahead of inflation rates.

 

[makapaaa]

It is not the government's job to ensure that wages keep up with inflation. It is the responsibility of each and every individual to ensure that he becomes more productive as the years go by in order to keep his wage increases ahead of inflation rates.

This cannot be further from the truth for the Lesser Mortals. For the FAP Traitors?

 

[laksaboy]

It means that wages should AT LEAST increase in tantrum with inflation

You mean 'increase in tandem' with inflation.

 

[Papsmearer]

Did he really say tantrum and meant tantum? Wow, the word police will go tantrum on his ass soon.

 

[sochi2014]

Who gives a fish about inflation if they are earning millions per year?

They are the bloody cause of inflation because they are so expensive!!

 

[The_Hypocrite]

How come Got More Shit never blame WP for not bringing up the issue?

 

[frenchbriefs]

Guys remember in Singapore pay is pegged to dignity not inflation.....it is a tool for obtaining respect when interacting or communicating with foreign dignitaries or officials.

 

[virus]

you mean it is a tool to shame those dignitaries or officials who hold similar posts but over larger space.

 

[Cerebral]

you mean it is a tool to shame those dignitaries or officials who hold similar posts but over larger space.

I would really like to see our Pinky rub Obama, Angela Merkel and all EU leaders on their lack of "dignity"