The case for Minimum Wage
The late LKY had said that the reason why we don’t have minimum wage is that Economics 101 showed that if the market wont bear it, it will mean unemployment, his adage was that full employment is paramount. Not an unusual objective, e.g. one of the objectives of US Federal Reserve is to sustain a high level of employment. A...
Brexit, Bretton Woods & Globalization
With the Brexit, a good way to pin down the swirling permutations of consequences would be to go back to first principles. Why do you even need globalization? Not just trade per se but globalization. Globalization is defined as ‘a process of interaction and integration among the people, companies, and governments of different...
Reply to Quora answer to “Why do people hate Singapore?”
I refer to Theodore Shawcross's Quora answers to "Why do people hate Singapore?" 1) Freedom of speech and racial harmony Theodore claimed that giving up freedom of speech is a price that Singaporeans must pay for racial harmony. That is falsehood. Singapore was already a paradise for multiracial harmony (Chinese, Malay and Indian)...
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