Shoe on the other person - bosses terrified of wage freezes

[Confuseous]

Fear is spreading like wild fire among the SMEs that the recommendation of Lim Chong Yah is going to raise the cost of doing business here. The 3 year 50% wage adjustment will be very costly. Sure. But can this be offset by the 3 year wage freeze of the top management? Lim Chong Yah’s proposal is like Robin Hood, robbing the rich to pay the poor. Not pay the poor and pay the rich more.

I know that my numbers are very simplistic, but still reasonable and real. What is so wrong about it? It is wrong only when the increase at the lower half is not accompanied by freeze at the top. Sure, they will be very unhappy and want to quit and look for more well paying jobs with more increments.

- http://mysingaporenews.blogspot.com/2012/04/when-boss-gets-wage-freeze.html

 

[Cestbon]

Gov should start with min wage. I think Singapore is the only called 1st world country dont have minimun wage.
Maybe should start with $1200 min wage.
Many are below $1000/month. Eg. cleaner/hawker helper/guard/..............
By 2015 min wage should be $1500/month. PAP gov never take a 1st step them how the wage will increase.
All FT levy should be min $500 regardless what type of pass(work permit/S-pass/EP).

 

[sleaguepunter]

since biz like to hire hardworking foreigner over lazy singaporeans, the levy should be raise to $1000 across the board, to me the only way that help singaporean wage to be competitive since those towkay claim they hire foreigners because of their working attitude and cost is not the main factor.

 

[Cestbon]

since biz like to hire hardworking foreigner over lazy singaporeans, the levy should be raise to $1000 across the board, to me the only way that help singaporean wage to be competitive since those towkay claim they hire foreigners because of their working attitude and cost is not the main factor.

$1k really high. Just start with min $500 and gradually increase.
Eg.
Total manpower in company. FT 20% FT $500 levy next 21%~40% $700, 41%~60% $1000. Above 60% each head count $2000.

 

[sleaguepunter]

$1k really high. Just start with min $500 and gradually increase.
Eg.
Total manpower in company. FT 20% FT $500 levy next 21%~40% $700, 41%~60% $1000. Above 60% each head count $2000.

high meh? ok lah. $1000 per Ftrash to govt coffers then then remaining to pay to the Ftrash pocket. unless the FTrash willing to work for less than $1000 per month, if not, then the towkays will have pay more lah, making FTrash more expensive than a local.

 

[niwdee]

If there is a minimum wage for the serfs,
they are worried there will be a maximum wage for elites