Minimum Wage: SDP has it wrong

[navigator667]

SDP putting words into DPM Tharman's mouth!

The DPM shared his observations on how minimum wage schemes had crippled some of these economies. He had observed how many workers could not find jobs that matched their abilities as minimum wages were set at a level high enough that employers could afford to choose better trained staff and not the ones who needed a job urgently. He further added how many of the youths who got jobs paying the minimum wage level were actually from relatively wealthier households, ie, they did not need the minimum wage jobs at all. At no point did the DPM say that the recent financial crisis in particular was caused by minimum wages. This is a wilful twisting of facts by the SDP clearly.

http://www.fivestarsandamoon.com/minimum-wage-sdp-has-it-wrong/

 

[neddy]

SDP putting words into DPM Tharman's mouth!




http://www.fivestarsandamoon.com/minimum-wage-sdp-has-it-wrong/

1. We see how in Hong Kong that the introduction of minimum wages helps to provide some form of living wages for those who need them most.

2. The writer talk about collective agreements, Singapore style. Singapore unions are toothless and useless.

3. Everyone knows that Euromoney magazine, a global banking and finance publication, is a shit stirrer when it comes to giving out awards. Just look at their past record. Paul the Octopus did a better job.

4. This Eddie guy is a toad in a well.

 

[navigator667]

1. We see how in Hong Kong that the introduction of minimum wages helps to provide some form of living wages for those who need them most.

2. The writer talk about collective agreements, Singapore style. Singapore unions are toothless and useless.

3. Everyone knows that Euromoney magazine, a global banking and finance publication, is a shit stirrer when it comes to giving out awards. Just look at their past record. Paul the Octopus did a better job.

4. This Eddie guy is a toad in a well.

You said hk?

http://www.timeout.com.hk/big-smog/features/50262/the-28-minimum-wage-one-year-on.html


The cleaning industry, dominated by outsourcing companies, is a different story. Mickey Yan Wai-kiu, managing director of Li Hing Cleaning Services, complains that since the implementation of the minimum wage law, his company has suffered a sharp 70 percent decrease in profit. “You need to offer relatively low prices to your clients to get contracts, and you need to offer relatively high wages to employees to keep them,” says Yan. “You can’t fire a lot of staff because you need enough people to do so much work. The workers have more choices too. Many of them choose to be security guards. It’s really difficult.”



Bare in mind, Progressive wage are only targeting the lowest wage workers. Not a national mandate which Hk is doing.

 

[adrianH]

Costco's CEO, in a move unlike most retailers, says he would want to see the federal minimum wage increased to $10.10 an hour. That is even higher than the $9 an hour President Obama requested in his State of the Union address. Article source: Raising the minimum wage.

 

[Simbian]

The enactment of minimum wage in Singapore is more about 'face' in politics rather than any genuine economic policy for the incumbent. If they are the ones enacting it, they are implicitly acknowledging that the tripartite arrangement has become a giant wayang and has become largely ineffectual in the modern age. PAP likes to point out that we have no strikes and have been stable, but in reality, the whole arrangement merely creates another set of problems by neutering multiple viewpoints and constructing a facade of a single viewpoint that has no value add. What irks the Old Man and probably some of the old guard is that the decentralised, power-sharing arrangement between unions and company management in Scandinavia has been more equitable and has resulted in one of the most productive economies and most equitable societies in the world.