Minimum wage wont be implementing in Singapore. DEAL with it suckers!

[Asterix]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

The MWC unanimously agreed to adopt at the very outset a consensus-building approach on its modus operandi. Working towards this objective, we encouraged rational discussions when studying various controversial issues relating to the setting of the SMW rate. We kept the deliberations confidential so as to ensure the building of consensus without undue influence. Nevertheless, we understood that there had been a keen interest in the work of the MWC in the community. Therefore, we informed the public of our work when there was notable progress and released the data and information considered by us in the deliberations.

2012 Report of the Minimum Wage Commission (Hong Kong)

 

[Devil Within]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

The MWC unanimously agreed to adopt at the very outset a consensus-building approach on its modus operandi. Working towards this objective, we encouraged rational discussions when studying various controversial issues relating to the setting of the SMW rate. We kept the deliberations confidential so as to ensure the building of consensus without undue influence. Nevertheless, we understood that there had been a keen interest in the work of the MWC in the community. Therefore, we informed the public of our work when there was notable progress and released the data and information considered by us in the deliberations.

2012 Report of the Minimum Wage Commission (Hong Kong)

LOL!.. You really are a fucking retard!

Trying to avoid Sam's question and act blur here with your propaganda fairy tale cut and paste report?

Come on, show us how stupid you are. Uncle Devil here loves to help idiots like you to showcase your stupidity.

 

[Asterix]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

Implementing Statutory Minimum Wage (“SMW”) during times of favourable macroeconomic conditions would help relieve the pressures on employment and corporate profits, and encourage more people to join the labour market. On the contrary, should SMW be implemented during economic slowdown, the impact on the business environment would become more pronounced and dampen labour demand further. Hence, the MWC needs to analyse the socio-economic conditions during the implementation of SMW when assessing the potential impact of the SMW rate.

From 2012 Report of the Minimum Wage Commission (HK) – Executive Summary

To be continued …

 

[Devil Within]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

Implementing Statutory Minimum Wage (“SMW”) during times of favourable macroeconomic conditions would help relieve the pressures on employment and corporate profits, and encourage more people to join the labour market. On the contrary, should SMW be implemented during economic slowdown, the impact on the business environment would become more pronounced and dampen labour demand further. Hence, the MWC needs to analyse the socio-economic conditions during the implementation of SMW when assessing the potential impact of the SMW rate.

From 2012 Report of the Minimum Wage Commission (HK) – Executive Summary

To be continued …

LOL!.. You really are a fucking retard!

Trying to avoid Sam's question and act blur here with your propaganda fairy tale cut and paste report?

Come on, show us how stupid you are. You fucking retarded PAP IB Asterix! Uncle Devil here loves to help idiots like you to showcase your stupidity.

 

[Asterix]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

The initial Statutory Minimum Wage ("SMW") rate came into force on 1 May 2011 amidst a robust economy in Hong Kong with strong domestic demand, notable expansion of business activities and persistent strength in labour demand, which provided a very favourable environment for its implementation. Hong Kong remained virtually in a state of full employment over the past year or so. The labour market stayed buoyant on the back of flourishing business activities, thereby cushioning considerably the pressure on the labour market brought about by the initial SMW rate. The overall prices and cost pressures on enterprises were nevertheless also on a visible uptrend for most of 2011. However, dragged by external headwinds, Hong Kong’s economic growth decelerated visibly since the second half of 2011 to only a meagre growth in the first half of 2012. Economic activities across major sectors have gradually slackened since early 2012, causing uncertainties in employment prospects. Inflation eased as the economy moderated.

From 2012 Report of the Minimum Wage Commission (HK) – Executive Summary

To be continued …

 

[Devil Within]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

The initial Statutory Minimum Wage ("SMW") rate came into force on 1 May 2011 amidst a robust economy in Hong Kong with strong domestic demand, notable expansion of business activities and persistent strength in labour demand, which provided a very favourable environment for its implementation. Hong Kong remained virtually in a state of full employment over the past year or so. The labour market stayed buoyant on the back of flourishing business activities, thereby cushioning considerably the pressure on the labour market brought about by the initial SMW rate. The overall prices and cost pressures on enterprises were nevertheless also on a visible uptrend for most of 2011. However, dragged by external headwinds, Hong Kong’s economic growth decelerated visibly since the second half of 2011 to only a meagre growth in the first half of 2012. Economic activities across major sectors have gradually slackened since early 2012, causing uncertainties in employment prospects. Inflation eased as the economy moderated.

From 2012 Report of the Minimum Wage Commission (HK) – Executive Summary

To be continued …

LOL!.. You really are a fucking retard!

Trying to avoid Sam's question and act blur here with your propaganda fairy tale cut and paste report?

Come on, show us how stupid you are. You fucking retarded PAP IB Asterix! Uncle Devil here loves to help idiots like you to showcase your stupidity.

 

[Asterix]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

Those sectors hiring more low-paid employees would be more susceptible to the impact of Statutory Minimum Wage ("SMW"). The MWC made reference to the definition adopted by the Provisional Minimum Wage Commission (PMWC) which identified employees earning hourly wage within the lowest overall hourly wage decile as “low-paid employees”. Based on the definition of the PMWC and the findings of the 2011 Annual Earnings and Hours Survey, we consider it appropriate to continue to adopt the four sectors (including: retail; restaurants; estate management, security and cleaning services; as well as other low paying sectors) and their 15 sub-sectors as “low paying sectors” (LPS).

From 2012 Report of the Minimum Wage Commission (HK) – Executive Summary

To be continued …

 

[Devil Within]

No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

Those sectors hiring more low-paid employees would be more susceptible to the impact of Statutory Minimum Wage ("SMW"). The MWC made reference to the definition adopted by the Provisional Minimum Wage Commission (PMWC) which identified employees earning hourly wage within the lowest overall hourly wage decile as “low-paid employees”. Based on the definition of the PMWC and the findings of the 2011 Annual Earnings and Hours Survey, we consider it appropriate to continue to adopt the four sectors (including: retail; restaurants; estate management, security and cleaning services; as well as other low paying sectors) and their 15 sub-sectors as “low paying sectors” (LPS).

From 2012 Report of the Minimum Wage Commission (HK) – Executive Summary

To be continued …

LOL!.. You really are a fucking retard!

Trying to avoid Sam's question and act blur here with your propaganda fairy tale cut and paste report?

Come on, show us how stupid you are. You fucking retarded PAP IB Asterix! Uncle Devil here loves to help idiots like you to showcase your stupidity.

 

[Asterix]

This is bloody fun, a great way to irritate the PAP IBs efficiently and without too much trouble on my part. You guys should try it!


No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

Thanks to Hong Kong’s vibrant economy last year, the initial Statutory Minimum Wage (“SMW”) rate had brought more positive impacts than negative impacts. The impact of the initial SMW rate can be summarised on three fronts. Firstly, regarding the impact on employees, relevant data indicated that low-paid employees enjoyed notable pay increase in real terms even after discounting inflation, suggesting that SMW did help enhance the quality of life of grassroots employees. However, the wage differentials among different ranks and occupations were narrowed, causing recruitment difficulties in some sectors with less favourable working environment. In order to retain talents, employers often had to offer pay rise to employees with wage rate already at or above the statutory level. The related Study revealed that the retail and restaurant sectors were to a certain extent affected by the knock-on effect. However, data from the Study also showed that businesses had not reduced the employment benefits of their employees by a significant extent after the implementation of SMW as a means to mitigate the increase in labour costs.

From 2012 Report of the Minimum Wage Commission (HK) – Executive Summary

To be continued …

 

[Devil Within]

This is bloody fun, a great way to irritate the PAP IBs efficiently and without too much trouble on my part. You guys should try it!


No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

Thanks to Hong Kong’s vibrant economy last year, the initial Statutory Minimum Wage (“SMW”) rate had brought more positive impacts than negative impacts. The impact of the initial SMW rate can be summarised on three fronts. Firstly, regarding the impact on employees, relevant data indicated that low-paid employees enjoyed notable pay increase in real terms even after discounting inflation, suggesting that SMW did help enhance the quality of life of grassroots employees. However, the wage differentials among different ranks and occupations were narrowed, causing recruitment difficulties in some sectors with less favourable working environment. In order to retain talents, employers often had to offer pay rise to employees with wage rate already at or above the statutory level. The related Study revealed that the retail and restaurant sectors were to a certain extent affected by the knock-on effect. However, data from the Study also showed that businesses had not reduced the employment benefits of their employees by a significant extent after the implementation of SMW as a means to mitigate the increase in labour costs.

From 2012 Report of the Minimum Wage Commission (HK) – Executive Summary

To be continued …

LOL!.. You really are a fucking retard!

Trying to avoid Sam's question and act blur here with your propaganda fairy tale cut and paste report?

Come on, show us how stupid you are. You fucking retarded PAP IB Asterix! Uncle Devil here loves to help idiots like you to showcase your stupidity.

 

[Asterix]

Skip straight to the information section if you prefer. This thread should be re-entitled "Myth Busted"!


No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

Secondly, for the impact on businesses, the implementation of the initial Statutory Minimum Wage (“SMW”) rate increased their wage bills, particularly those in LPS. With the overall profit ratio of LPS lower than that of other sectors, there were concerns that SMW would weaken the hiring sentiment in these sectors, or even lead to massive layoffs. There were also concerns that some enterprises with very low profit margins might turn from profits to losses or even have to close down. Nonetheless, because the economy was buoyant when the initial SMW rate was implemented, the hiring sentiment of businesses generally stayed positive with no substantial layoffs seen. On the contrary, the number of establishments continued to rise to a record high. As the information on businesses’ profitability after the implementation of the initial SMW rate was not yet available, we were unable to make further analysis. However, entrepreneurship remained largely positive amidst the expansion of economic activities over the past year, in particular with the business receipts for the retail sector recording appreciable growth when SMW was just implemented and the persistent increase in the overall number of establishments to a record high.

From 2012 Report of the Minimum Wage Commission (HK) – Executive Summary

To be continued …

 

[Devil Within]

Skip straight to the information section if you prefer. This thread should be re-entitled "Myth Busted"!


No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

Secondly, for the impact on businesses, the implementation of the initial Statutory Minimum Wage (“SMW”) rate increased their wage bills, particularly those in LPS. With the overall profit ratio of LPS lower than that of other sectors, there were concerns that SMW would weaken the hiring sentiment in these sectors, or even lead to massive layoffs. There were also concerns that some enterprises with very low profit margins might turn from profits to losses or even have to close down. Nonetheless, because the economy was buoyant when the initial SMW rate was implemented, the hiring sentiment of businesses generally stayed positive with no substantial layoffs seen. On the contrary, the number of establishments continued to rise to a record high. As the information on businesses’ profitability after the implementation of the initial SMW rate was not yet available, we were unable to make further analysis. However, entrepreneurship remained largely positive amidst the expansion of economic activities over the past year, in particular with the business receipts for the retail sector recording appreciable growth when SMW was just implemented and the persistent increase in the overall number of establishments to a record high.

From 2012 Report of the Minimum Wage Commission (HK) – Executive Summary

To be continued …

LOL!.. You really are a fucking retard!

http://www.heritage.org/research/factsheets/2014/01/facts-about-the-minimum-wage

Facts About the Minimum Wage

Reduced Opportunities to Gain Experience

Studies find raising the minimum wage does not reduce poverty.

[1] It is a completely ineffective anti-poverty policy.

The primary value of minimum-wage jobs is that they are learning jobs.

This would cause employers to reduce hiring, leaving fewer people employed.[6] Macroeconomic modeling shows the proposed minimum wage increase would eliminate 300,000 jobs.[7] That means fewer opportunities for unskilled workers to get started in the labor market and move their way up.

When businesses have to pay higher wages, businesses hire higher-skill workers, freezing the least productive, most disadvantaged workers out of the job market.[8][9] Consequently minimum wage hikes harm the very people that proponents of the laws most want to help.

They teach inexperienced employees basic employment skills that make them more productive and enable them to earn raises or move to better jobs.

The Minimum Wage Debate Should Be About Poverty Not Jobs
http://www.forbes.com/sites/jeffrey...wage-debate-should-be-about-poverty-not-jobs/
The reality is that families in poverty very rarely have a full-time worker in the family; in fact, only 7 percent of the time. The entire bottom 20 percent of income earners (which includes some people above the poverty line) averages only 0.42 earners per household. People are not in poverty because the minimum wage is too low, or because their hourly pay is too low even when they make above the minimum wage. People are in poverty because they are not working or not working enough. They need jobs, not an increase in the minimum wage.


Come on, show us how stupid you are. You fucking retarded PAP IB Asterix! Uncle Devil here loves to help idiots like you to showcase your stupidity.

 

[laksaboy]

LOL!.. You really are a fucking retard!

http://www.heritage.org/research/factsheets/2014/01/facts-about-the-minimum-wage

Facts About the Minimum Wage

Reduced Opportunities to Gain Experience

Studies find raising the minimum wage does not reduce poverty.

[1] It is a completely ineffective anti-poverty policy.

Sorry to butt into the lively debate between the two of you, but that is a study from The Heritage Foundation: an ultra right-wing (Republican) think-tank, Bush, Reagan and Thatcher's ideologies, tax cuts for the rich and trickle-down economics etc.

While there are certainly some inherent risks with a minimum wage law, the way things are in Singapore, the pros definitely outweighs the cons. That is just my frank opinion.

 

[Leongsam]

This is bloody fun, a great way to irritate the PAP IBs efficiently and without too much trouble on my part. You guys should try it!

Yeah but it has also resulted in this thread being destined for the rubbish heap.

 

[Asterix]

Yeah but it has also resulted in this thread being destined for the rubbish heap.

If you put this thread in the rubbish heap
Then you should also put BattleStar Galactica
In the rubbish heap for there is far more nonsense there
Indeed this is your forum and you can do as you wish
But the Court of Public Opinion is not always forgetful
For there is tonnes of useful information in that report
On the impact of Minimum Wage in a similar economy
That you kill a threat that provides your readers
With precisely the sort of information that they need
In order to make an informed choice on affairs of state
While letting that BattleStar Galactica load of shit
Stay in the main forum implies that you are
At best a hypocrite and at worst a PAP mole

 

[Asterix]

............
While there are certainly some inherent risks with a minimum wage law, the way things are in Singapore, the pros definitely outweighs the cons. That is just my frank opinion.

An opinion with which I fully agree but this does not imply that I will agree with other views on other topics from the same or any other person.

 

[Devil Within]

Sorry to butt into the lively debate between the two of you, but that is a study from The Heritage Foundation: an ultra right-wing (Republican) think-tank, Bush, Reagan and Thatcher's ideologies, tax cuts for the rich and trickle-down economics etc.

While there are certainly some inherent risks with a minimum wage law, the way things are in Singapore, the pros definitely outweighs the cons. That is just my frank opinion.

I am all for different opinions so long as it is sound, logical and reasonable.

The issue here is to help the poor.

Increasing inflation will not help the poor. Especially those that are unemployed, the retired old with no income and those too old to work. those with little savings, these people will be hit hard when minimum wage increase inflation, and make it even harder for them to find work when employers now have to choose really carefully who they employ as it is more expensive. Employers will want to get their worth when they pay higher salaries. So how will the older workers compete? Will they be able to find a full-time job? Or job that are officially under minimum wage monitoring?

To really help the poor is to keep inflation low, increase their purchasing power of whatever little savings or earning that they have, and make it easy for them to find work.

Current situation is the floodgate of young foreign workers coming in too easily to replace older workers here. So I see the problem as an immigration issue, and inflation issue.

The biggest cause of inflation at the moment is housing and transport, both which are controlled (directly or indirectly) by the gov.

So I am no supporter of minimum wage as it will not solve the problem but only add on to the hardship of the already REAL poor and will not solve the problem of local employment issue. It will be double blow to those already very poor with no work or part-time job.

 

[Asterix]

This other thread here provided no useful information on affairs of state:

http://www.singsupplies.com/showthr...al-Battlestar-Galactica-Apocalypse-Right-here!!!

On the other hand, while there is what some politically motivated jackasses may call “plagiarism”, which it ain’t if you acknowledge the source, it contains gems such as this which is very relevant to a topic hotly discussed by the Sinkie public. Such gems of heavy stuff of course need to be administered in small doses otherwise the patient mind be overwhelmed! You be the judge whether LeongSam is a TWIT or a Hypocrite or a PAP Mole:

Finally, regarding the impact on the labour market, prices and overall economy, the unemployment rate has stayed low so far since the implementation of the initial Statutory Minimum Wage (“SMW”) rate and the labour market was virtually in a state of full employment. Although the part-time ratios rose due to seasonal labour demand or recruitment difficulties and working hours fell in certain sectors, such changes were not significant in overall terms. Moreover, the implementation of SMW helped enhance the incentive to work notably. The overall labour force rose persistently, with increases in labour force participation rates across different age groups and educational levels, especially among women and the elderly. Furthermore, the prices of those consumer goods and services with relatively larger shares of labour costs were notably higher when compared with those in the past few years. It suggested that the initial SMW rate, to a certain extent, had pushed up inflation. Nevertheless, Hong Kong was still ranked high in the world with regard to overall economic freedom and competitiveness by a number of renowned international organisations. This demonstrated that the international community remained confident in Hong Kong’s competitiveness and business environment.

 

[Devil Within]

This other thread here provided no useful information on affairs of state:

http://www.singsupplies.com/showthr...al-Battlestar-Galactica-Apocalypse-Right-here!!!

On the other hand,.....

LOL!... Fucking retarded PAP IB Asteric showing his stupidity again.... LOL!...

Come on, show us how stupid you are. You fucking retarded PAP IB Asterix! Uncle Devil here loves to help idiots like you to showcase your stupidity.

 

[Asterix]

Incredibly fun and efficient this is.
Jump straight to the Information Section if you've seen the doggerel already.


No need to engage Lightning trolls
Their object is not to inform but to mislead
When all else fails they will annoy
Name calling, swearing, spamming, the works
Talking over them to your intended audience
Is the thing to do nothing annoys
Attention seekers more than being ignored
As a parting shot some swearing is fine
FUCK YOU JIAKLIAOBEE PAP IB DEVIL WITHIN


Information Section (will be varied with each new post):

The MWC adopted an evidence-based approach in reviewing the Statutory Minimum Wage (“SMW”) SMW rate. In making recommendation on the SMW rate, the MWC mainly considered the following four factors: Basket of Indicators; views of stakeholders and interested parties; other relevant considerations; and impact assessment.

The Basket of Indicators identified by the MWC, which comprises general economic conditions, labour market conditions, competitiveness and social inclusion, covers a wide range of information on the latest socio-economic and employment conditions for assessing the impact of the initial SMW rate and conducting scenario testing based on the local economic outlook and inflation trend. Data of the Basket of Indicators revealed that although the initial SMW rate seemed to bring more positive impacts than negative impacts, the stronger than expected economy in Hong Kong in 2011 had, to a large extent, cushioned the pressure on the economy, labour market and businesses brought about by SMW. The overall economic growth however has evidently slowed down since late 2011 amidst a worsening external economic environment. As it is very likely that the macroeconomic conditions in 2013 would be very different from the robust economic landscape in 2011 when the initial SMW rate was implemented, the MWC agreed that it had to be cautious in making the recommendation on the SMW rate.

From 2012 Report of the Minimum Wage Commission (HK) – Executive Summary

To be continued …