Productivity: In the Name of Outsourcing and Out of Touch
Productivity then inflation is given as excuse for the inability to give wage increase to low income workers. PM Lee said wage increase would lead to inflation but just a day ago, DPM Tharman said most people would not feel the inflation. Anyway, the government has to think of some reasons to justify no wage increase for...
Mayday! Mayday! Mayday! – Singapore workers’ distress call
May Day is a day when workers all over the world (except in the US where Labour Day falls in September) celebrate their achievements in the fight for better wages and other working conditions. But in Singapore, May Day is not an occasion to celebrate but is a distress call by workers for help (as in Mayday! Mayday! Mayday!,...
Detrimental Effect of Rent Seeking Economy
I was thinking of taking a break from writing Labour Day message for this year but something inside me give me that urge to write on Rent-Seeking Economy. This is a topic which I have in mind for a long time since last GE2011. What is a "Rent-Seeking Economy"? This is actually a technical economic term which any economic student...
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