Friday, November 04, 2005
I had other incorrect thoughts about why so many FTs are needed in Singapore, I'm so glad that those thoughts have been corrected by the Today newspaper (you can click on the article to read it) - FTs are brought into Singapore because Singaporeans are picky!!
I read today's Straits Times about a worker in Beijing who died after working continously for 24 hours. Her pay was $210 a month. Singaporeans are indeed picky, the govt has highlighted the problem of 300,000 workers earning below $1200!! If we are not picky, we would have 500,000 workers earning below $800 per month. Isn't that more desirable a bigger pool of low wage workers to give our companies higher and higher profits?
The good thing about Singapore, is our govt is concerned about the good of Singapore. They have opened the floodgates for FTs to combat this picky problem. Other govts would be forced to implement minimum wage to ensure the lowest paid workers have sufficient for basic necessities and plan for retirement. The Singapore approach is smarter - we teach our workers how to live on $1000 per month:
1. Maggie mee tastes good.
2. If you run out, borrow from your richer relatives. If you have no relatives, your neighborhood loan shark can also help.
3. I have one neighbor who is so poor, his children watch TV from their window....by looking at the plasma in the neighboring block! There are many innovative ways to save money. Singaporeans have been told by the govt to think "out of the box".
4. Buy 4D. I've never met a poor person who never buy 4D. One lucky number and the pain of poverty goes away for a few months.
5. Take bus to JB once a month for groceries, dental and haircut etc.
Other countries have stupid methods for solving the low wage problem like welfare, jobless benefits and special schemes for utilities & health care. I was shocked to find the Hong Kong govt gives welfare to its citizens - have they learned nothing from the PAP govt that giving this welfare will result in lower competitiveness. We are sure to beat them in the coming years. Cheers to the PAP govt for making Singapore so competitive for our own good. We are all so lucky to be Singaporeans!
Posting Time 7:20 AM
Posted by Lucky Tan