Workers say no to wage hike
While the workers of the world rose in protest over their low wages, the workers here were celebrating their good fortune. All of them looked so happy, and so rich. And they expectedly rejected the shock therapy of Lim Chong Yah that offered them a 50% pay rise in 3 years. Unbelievable! I think the workers are reading Lim...
What is there for labour to celebrate this Labour Day?
"Higher wages push up business costs, affect our competitiveness, and may cause higher inflation" - PM Lee Labour Message. [Link] Our inflation is 5.2% [Link] and largely due to housing, rentals and transport cost increases. Instead of doing more to bring down inflation in Singapore, our prime minister on Labour Day, sends...
Royal Elephant Shoots Part 2
Yesterday I wrote about the PAP government’s willingness to bail out the Eurozone with generous contributions to the IMF’s lending facility (https://www.tremeritus.net/2012/04/26/tharman-joins-the-king-of-spain-in-a-royal-elephant-shoot/). Yet a US$4 billion loan (which represents more than US$1200 for every Singaporean...
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