Prof Hui : FT influx depressed SG wages!

[makapaaa]

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Prof Hui : Evidence for link between foreign labour influx and depressed wages is compelling....

"A growing influx of low-skilled, low-cost foreign labour has effectively increased Singapore’s overall labour supply. There is an ongoing debate as to whether this has depressed domestic wages at the bottom. I believe the available evidence for this link between the influx of foreign labour and depressed wages at the bottom is compelling."
- Professor Hui Weng Tat, LKY School of Public Policy,
Straits Times Article : Minimum Wage Law Works[Link]
.​

I personally believe the foreign influx is also the main cause of structural unemployment among older Singaporeans age 45 and above. While many Singaporeans experienced first hand the negative effects of the PAP govt's very extreme foreign labor policy - importing foreign labor at one of the highest if not the highest rate per capita in the world - through housing and transport, the real economic pain is experienced by the bottom 20% of the population that saw their wages depressed as the cost of living rose. ...and the PAP is responsible for this through its lopsided and unbalanced policies.​

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[ChaoPappyPoodle]

"A growing influx of low-skilled, low-cost foreign labour has effectively increased Singapore’s overall labour supply. There is an ongoing debate as to whether this has depressed domestic wages at the bottom. I believe the available evidence for this link between the influx of foreign labour and depressed wages at the bottom is compelling."
- Professor Hui Weng Tat, LKY School of Public Policy,
Straits Times Article : Minimum Wage Law Works

This is economics 101!Of course the PAPies knew this too. But to them, being the largest employer in SG, their profits will improve an so cheaper labour inputs are what they want.

Like all fascist regimes, profits for the state machinery is of the utmost importance even if it means pushing aside older wokers or those not part of the state machinery.

 

[besotted]

FT fills the jobs that locals don't want - not all the time but in many sectors such as marine, building, f&b, cleaning

Yes more labour supply means wages lower ceteris paribus

But they also create demand - for housing, services, etc

The bigger economy benefits - more happy than more unhappy

Especially PRC workers, we should import more

They are a boon to my business - without PRC I would be a loser, but with PRC staff, I become the man

 

[Watchman]

Lets bring in more FTs doctors, lawyers and architects !