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It's about People, not cattle, Prof Lim Chong Yah lambasts Lee Yi Shyan
- Thread starter kingrant
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Why not definitely?
Why definitely? Definite means you encompass everything in calculation? Are you God? You can predict 100% for all scenarios to arrive at definite? If so why are you here? You should be the leader of Singapore and workers party, in addition to being master of the universe. That would be definite if you can know all things definitely. Why not? Did not take medicine?
Why so? Salaries increased does not necessarily mean prices go up. And not necessarily prices go up for everything. GDP has gone up in Singapore but not the median income in Singapore for 10 years which all respectable people know by referring to the Singapore MOM and Singstat statistics as does Krugman. GDP up does not mean salary up for the general population. Prices of some stalls selling wan tan noodles in quite a few areas still are 2.2SGD after 20 years. So what is definite?
Inflation calculation is based on basket of goods calculation. We in Singapore like to move the goal post for that basket. So what is definite? In 1986, GDP went up but inflation went down. Same in 2002. What is definite? In 2001, GDP dipped but inflation still went up. Same in 1985. What is definite? I think moderation by bell curve distribution to give passing and honors grades to students who get sub-50 in absolute score is bad. Do you not think so? Maybe you should retake your economics.
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Rubbish, please back up your statements for evidently you did not know much about market forces.
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No point trying to reason with fools.
Why yes? Why must? Go take your medicine.
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PAP ministers and MOS is a wonderful job: low productivity talk so much cock yet getting fucking high salary!
Why is it fixed level of goods in international economics? More money with little currency devaluation equals more goods to buy from overseas. Why you learn your economics? You stuck only in ceterus paribus? Did you fail to understand and failed econometrics? Do you know Singapore is chor kiasi and our economy is described by 35-36 variables? Did you take lunch and your medicine? Empty stomach means gastric problem, you know.
He aint a fool. he just doesnt want to go into a detail explaination as he knows he would be debunked easily as he is full of loopholes.
A general statement such as that would make economics look scary and uncompromising. Thank god the real world can be flexible.
Why? Because when you increase pay business costs goes up prices also goes up = inflation
Why cannot be defended? We know you are not trained nor understand economics? Why do you want to mix up policy issues with your broken heart over WP and LTK? Business costs and salaries do not need to have absolute correlation leh. Go to China, some areas, salaries go up but not factory land leh. Have you taken your tea break medicine? Try not take green tea with the pills. Gastric problem. Non-oily cakes are a good idea.
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Why excuse you? Who says salary increase must = inflation in non ceterus paribus condition? Do you know anything about international finance & trade plus econometrics? Did you show salaries = inflation? Did you check the GDP and CPI historical figures? Do you know what you are talking about? Sorry I know the answer to that one.
Increase salary means increase cost means inflation.
Its as simple as that. Surely you have never learnt economics before.
LCY ideas kena question left right centre also date not defend it. He knows now that singles are indeed not cattle that can be fooled by him. Now back off already
Its as simple as that. Surely you have never learnt economics before.
LCY ideas kena question left right centre also date not defend it. He knows now that singles are indeed not cattle that can be fooled by him. Now back off already
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It's not as simple as that. Please elaborate if you can so we can debunk it and explain. You think your one liner deserves more than another one-liner reply? You can go back and forth with any member here until kingdom come with one-liners.
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