It has nothing to do with training since the average Diploma holder has the skill to do value added work. Wats holding us back is a poor economy infrastructure. GLC's have no transparency and is allowed unfair competition and monopoly practices. This alone will not drive away investors since MNC's will come for the tax breaks; what it drives away is value added work, since there is no incentive to compete as they will be muscled out anyway.
Furthermore, the private sector will have a similar corporate structure to public GLC's. Value added work will not flow to this kind of structure as the audit system is, for lack of a better word, crap.
The work that remains then will be poor work. Singapore will remain a white collar sweat shop.
The bottom line, we need to get rid of GLC's and start democratizing competition and corporate structure. The only way to do that?
GET RID OF PAP!!!!
Dear Troubledtimes,
I can't help but requote what you've written.
It's so true that the Singapore Government is exerting control on the people, and ensuring that Singaporeans do not get rich easily.
It's already overstating that the GLC have monopoly of the money making industries, and it doesn't allow companies to grow big.
The rest of the PEONs / Serfs Singaporeans would have to work their way working for the banks... and when they are old, they are forced to buy annuity plans, to get a small sum of retirement fund per month... which is not even close to their last monthly income...
That's why the rich always get richer, and the poor always get poorer.
The fact of Singaporean lifestyle is that once they start working, they will be stuck in all kinds of debts.
For Graduates / Diploma holders, they will face monthly debt servicing for their education for a few years.
Most will be working for a low paying job, save up enough CPF, buys a pigeon hole, and debt service the pigeon hole till they are 50 (if they are lucky), most will debt service their home till 65 now adays, as the pricing of HDB is skyrocketing into CONDOMINUM pricing...
When they are married, seow leow... debts here and there...
When kids come, seow leow again, money money never enough...
Most will not see a way out... but I really don't think this is a PAPPY problem...
You see, for me, I've seen this kind of things for many years working in Singapore, and due to frustrations of such, I've decided to become a "QUITTER" as GOH CHOK TONG aptly put it.
Even her daughter is a quitter.
Anyways, quitter or not... after so many years living overseas, I've noticed a common trend.
In China, the people are highly industrious, and they hardly complaint about hard work... the spirit is high...
In Latin America, the people are subjected to worst government policies, and most people are in the state of "TRANQUILO", or Relaxed attidude, they love to dance the Salsa in Spanish Speaking Countries, and Rhumba in Brazil... people do take it easy.
In USA, the land of opportunities, although now it's in some economic crisis, but I think USA will survive.
And in EUROPE, people are positive about the EU partnership.
Generally speaking, I don't think it's the problem of FTs... FT or not, it's just another human being solving some job requirements.
From my observation, and my personal opinion ( I think I deserve my own opinion ) if the people of SINGAPORE, STAYING in Singapore do not like what they are doing IN Singapore, they should really re-assess their own situation, and consider looking for greener pasture...
These few years, I've been around the world, and I can tell Singaporeans honestly that it's not a matter of the situation that you are in that determines your life's happiness, or success... but it's solely up to the people themselves, it's only YOURSELF that can make a difference in your own life...
We were all born with choices, and do not let the brain washing activities get into you... If you can see the truth... so make a difference for your own life.
For all who want to get out of the anger of FTs, the goberment, etc... external things that make you feeling all negative...
I highly recommend that you change your thinking first, and you will see the light...
Just another concerned soul to cheer up the angry souls of Singapore...
Keep up your own spirits, and your life will change for the better... since the FTs have made a decision to "invade" Singapore, Singaporeans can choose to "invade" Canada, USA, Europe, and or Australia, New Zeland (all the ANG MO infested countries ) I can tell you that these places have alot of Chinese also hahah... many chinese restaurants all over the world!
ENJOY your life!