QUOTE(deodorant @ Mar 2 2013, 10:20 AM)
Well, I think Singaporeans by and large are critical of PAP's liberal policy towards foreign PMET's (i.e. most of us here) rather than the unskilled/semi-skilled workforce.
To be honest, i think Singaporeans don't really understand their predicament and becuase they have enjoyed so many years of good life, they forget how tough it could be.
They want lower cost of living (lower housing prices, lower food prices, lower car prices, etc) but at the same time they want less foreigners, less working hours and more salary. That in itself is already a contradiction, not forgetting Singapore has NO natural resources, no land, no nothing except people. If you now take the people out, they have NOTHING at all. But they don't seem to realise this.
To me the current PAP is doing everything right down to the last detail for the population blueprint.
But unfortunately the ordinary Singaporeans don't realise it....until its gone.
Let me ask those who have been in SG for sometime, to think about and to give their thoughts on what happens if the opposition takes over and implements those "popularist policies".
In my opinion, it will cause Singapore to slide slowly but surely into nothing more than a vacation Island like Maldives and not the economic powerhouse it is today.
Imagine if the opposition takes over.
They only need to drastically reduce foreign manpower whether PMETs or S Pass and implement a higher min wage to bring the entire Singapore down on her knees. This is because:-
1. Almost immediately (even now) many restaurants, SMEs esp those labour intensive ones like in Manufacturing will close down because of a lack of labour causing massive unemployment of Singaporeans.
2. As a result, those Singaporeans that got laid-off becuase of the above have to compete with so many other SIngaporeans for lesser jobs in market from co. that are still surviving. However, becuase of the higher wage implemented and lower demand for goods, there is little or no incentive for the exisitng co. surviving to absorb these additional headcount. Unemplyment will soar. Those that do take in additional Singaporeans have to fork out more cost becuase of the implemented higher min wage.
3. The inefficiency caused by the above will have to be passed on to their customers in order for the co to survive and protect its profit margins, causing a spike in prices of goods, which in turn causes even more inflation that leads to higher cost of living. So unless the gov wants to subsidise every other goods, this is not feasible.
4. Asking the co. to absorb the additional cost due to inefficiencies and higher labour cost at the expense of their survival/profit margin is one of the dumbest thing i've heard Singaproeans say. Think about it. If i'm not making money (or much money) I might as well not start a business, correct? Why want to take so much risk (by starting a company - potentially losing my capital) for little returns and where the gov keeps asking me to absorb the cost?????
5. The consumption power for the already small singapore population will begin to shrink even more considering a large portion of singapore's population and consumers are foreigners. This will cause more consumer driven company to relocate looking for bigger markets like Malaysia, Indonesia or Thailand.
5. For those MNC, many of them will relocate elsewhere as well. Because, the reason for them to come to Singapore in the first place is because of the relatively cost effective wages in comparison with the talents in the country, supplemented by their own management from whichever country they come from. Take away the talented people and competitve salary and it makes no sense to come to Singapore.
Do you guys agree?
This post has been edited by robertchoo: Mar 2 2013, 02:18 PM