It has been a wonderful year for Singapore with the GDP growth hitting 7.7% and corporate profits at a record level relative to the GDP. Many people wonder how Singapore can get here from 10 years ago and the secret is importing thousands of foreigners into the island. Wong Kan Seng said this is the key to our future economic growth. Although its a no brainer that importing another 2.5M will result in economic growth, PAP is the only govt bold enough to do it and to promise its people that they will get to top 1st world status if they allow this to happen. With such a grand plan in the works and last year's marvelous 7.7% growth, it is time to increase ministers' pay.....
To me, PAP's greatest achievement is their ability to motivate Singaporeans to work harder with each passing year. They are perpetually worried that Singaporeans might lose the work ethics and that they will be retire early and waste away their time. To ensure that they continue working the cost of living + GST is pushed up every year, to soak up any excess funds they might have so that Singaporeans remain motivated to work harder. Take workfare as an example. In the past, anyone in Singapore holding a full time job will be able to raise a family and retire when the time comes. The cost of living is now so high, there are 490,000 people who will qualify for workfare, because the wages they earn on their full time jobs is not sufficient to cover the expenses - they either chalk up arreasrs with HDB, SingPower, borrow from loansharks, or hope they strike it rich in Toto. These people will NEVER have enough to retire, they make enough just to get by. 40 years of PAP and one of the great achievement is the sight 80 year old cleaners at the hawker centers. I have a friend from Australia so amazed by this he said he was 'stunned', I told him it is little wonder Singapore will surpass Australia soon as a top 1st world nation with our extraordinary work ethics.
I'm particularly impressed with the Workfare implemention in Singapore this year. You see our economy doesn't create enough jobs that pay sufficient wages for people to live on anymore so Workfare was created so that they are motivated to take up menial jobs that they wouldn't take up before because wages are not sufficient to cover expenses. Now the govt is relieved of the burden of creating higher quality better paying jobs (the type that pay enough) and these people give up hope of ever getting one. Now they get to work harder and longer thanks to Workfare.
Singaporeans are so lucky to have a govt who cares so much about their work ethics. Other govt would undermined their citizens work ethics with subsidized healthcare, welfare etc if ever there is so much prosperity in the society. The PAP ensures that with rising prosperity the work ethics is strengthened by making sure that cost of living and the income gap rises even faster to motivate ordinary Singaporeans. The harder you work, the more economic progress we have in Singapore, the harder you have to work to sustain it. Very soon we will reach top 1st world status, when we get there, I'll be close to 65 years old. I've been practicing cleaning tables to prepare for the day we get there.....I'm sure when the population swells to 6.5M there will be plenty of tables to clean.
Pushing a cleaner's brush instead of a grandchild's pram
Seah Chiang Nee
DESPITE economic prosperity, more and more elderly Singaporeans past retirement age are working as cleaners or toilet attendants, instead of playing with grandchildren.
That they are opting to work past 62 years of age is not surprising and, in fact, could be a plus point. After all, Singapore's life expectancy is 81.7 years, the world's third highest, even ahead of Japan (81.25 years).
But what is not savvy about it is they are doing the sort of menial work once done by unskilled foreigners workers. Some 35.7 per cent are cleaners or doing related work, where incomes are low.
It's not that the elderly don't want to retire, many simply cannot afford to, said Rick Lim in a letter.
He was responding to a government backbencher who had asked why the senior citizens could not just retire early and enjoy life, and he wondered if their expectations of life were too high.
Lim wrote: Are the senior citizens working as cleaners because they are saving to purchase a condominium or a luxury car, or is it because they need to feed themselves and their families?
This is the other face of prospering Singapore, which has one of the world's fastest ageing populations.
Recently, a student from China who was interviewed said that he found it strange to see so many cleaners were elderly, compared to poorer China where they would be enjoying their retirement.
Blame it on globalisation, insufficient safety net or poor education when they were young (probably all together) but it has made old age synonymous, rightly or wrongly, with poverty and hardship.
This is why some Singaporeans who are 45 or older are not looking forward to the prospect of living in one of the world's richest nations in 20 years' time.
The reason? By then they will be joining the unappealing ranks of the city's greying population (aged 65 or more) even as the city moves upwards.
Minister Mentor Lee Kuan Yew painted the exciting scenario recently of a fast-developing Singapore moving into the upper half of the First World. We can do this in the next 10-20 years.
Even today growing old is not a good thing. Many employers consider 45-year-olds as over the hill, preferring to replace them with younger, cheaper workers.
(Making things worse is the large influx of foreign workers who are ready to accept lower salaries.)
The majority of aged workers are lowly skilled and make up the bulk of Singapore's struggling class. In recent years, their income has either stagnated or declined, while the rich got richer.
This affects their ability to save for retirement, despite their mandatory Central Provident Funds.
Only 27 per cent of Singaporeans between 25 and 75 said that they have sufficient funds to retire, compared with 61 per cent of Thais and 47 per cent of Malaysians, according to an insurance company survey.
Today one in 12 Singaporeans are 65 or older; by 2030, this will become one in five.
Like elsewhere, this age group has more than a higher rate of homeless and poor, the depressed, and the desperately sick.
Many are becoming victims of cheating or crime. Suicide rates are high.
In a post-mortem of the 2006 election, leaders of the ruling Peoples Action Party attributed its large nine per cent drop in popularity to older votes.
If it is true, it doesn't augur well for its future because this base of senior citizens is growing very quickly.The decision to increase its five per cent Goods and Services tax (GST) to seven per cent will be an added blow to Singaporeans, especially the elderly low-income or retirees group.
To mitigate the impact, the government is offering GST credits of up to S$1,000 to all over 21 years old, that will be apportioned according to income and home value.
In addition, the 2007 Budget also gave Singaporeans a bonus of up to S$1,000 to all Singaporeans who make S$100,000 or less, with those over 55 getting the lion's share.
Two-thirds will be in cash and the rest in Medisave for healthcare.
But it is jobs that remain the bugbear for the seniors because many employers are reluctant to employ or keep people over 50.
Lee Seck Kay says that government efforts to keep elderly people gainfully employed are failing, citing a friend who was retrenched from a foreign oil company.
These Singaporeans have spent a lifetime working hard to build Singapore up, whether as coolies or managers, and should be looked after during their sunset years, many believe.
A retiree suggested the government dip into its reserves to pay each Singaporean over 65 a monthly S$200-S$300 for the rest of his life so that he can enjoy his sunset years. The Star