Good news reported as if bad news - Go home lah!

[GeylangCheongster]

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_688228.html

Singapore
Home > Breaking News > Singapore > Story
Jul 7, 2011
S'pore may face labour crunch
By Kor Kian Beng

[/IMG]http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_688228.html[/IMG]


'We are, therefore, likely to be at a turning point of history, from labour glut to labour crunch,' said Mr Ong, deputy secretary-general of the National Trades Union Congress. -- ST PHOTO: JOYCE FANG

SINGAPORE could face a labour shortage as major manpower suppliers like China battle their own labour crunch and hold on to their workers, said labour leader Ong Ye Kung on Thursday.

As a result of a dwindling labour supply, wages are rising in China and thus industries are moving back to advanced economies like Singapore, driving up demand for workers here, he said.

'We are, therefore, likely to be at a turning point of history, from labour glut to labour crunch,' said Mr Ong, deputy secretary-general of the National Trades Union Congress.

'This presents a whole new challenge to industries in the medium term - how to find enough workers and continue to remain competitive?'

He was speaking at a conference organised by Human Capital Singapore, a national human resources training centre.

Many economists believe a slowdown in cheap labour supply is on the cards, and that it will lead to a reprieve from current problems due to the influx of such labour, said Mr Ong.

Read the full story in Friday's edition of The Straits Times.

 

[po2wq]

... 'This presents a whole new challenge to industries in the medium term - how to find enough workers and continue to remain competitive?' ...

ya, man! ... goot excuse 2 bling in mor ft ... n suppress wages! ...

 

[red amoeba]

gong si mi lan jiao...even if china wages increase, it is still a fraction of Sinkie's wages loh.

and plus transportation and things...u think its worth it? Please lah....

 

[cooleo]

>>Many economists believe a slowdown in cheap labour supply is on the cards, and that it will lead to a reprieve from current problems due to the influx of such labour, said Mr Ong.<<

Less foreign trash coming in? Sounds like good news indeed!

 

[sirus]

Could this leads to more ah nehs, pinoys and other SE asians replacing ah tiong?

 

[Lestat]

Since when do we have a labour glut when all the FTs are coming here and taking our jobs? This article doesn't make any common sense!