It's about People, not cattle, Prof Lim Chong Yah lambasts Lee Yi Shyan

[ZorrorroZ]

There is nothing to debate. He's simply stating the obvious.

Artificially inflating the price of a product distorts a free market and that includes the price of labour.

So you agree that inflating our Ministers salaries to the world's highest paid is one of the causes of inflation in Singapore?

 

[ZorrorroZ]

In this particular case, LCY's idea is to inflate wages by law regardless of productivity. In other words, it will definitely cause inflationary pressure.

So it seems with the Ministerial salaries as well. Perhaps we should discuss that in relation to the bottom few salaries.

 

[Kinana]

So it seems with the Ministerial salaries as well. Perhaps we should discuss that in relation to the bottom few salaries.

Singapore economy has been growing. Ministers' salaries was pegged to the pay of CEOs who's salaries were determined by the market.

We Singaporeans are not cattle. We can see and we can think.
LCY should go into retirement for lying to us.

 

[groober2011]

So it seems with the Ministerial salaries as well. Perhaps we should discuss that in relation to the bottom few salaries.

The economy has been growing even in the 80's but pay has not risen as much unlike the top 1%. Even with any growth nothing will change unless we make the change. So let us work towards a common goal.

 

[Leongsam]

So you agree that inflating our Ministers salaries to the world's highest paid is one of the causes of inflation in Singapore?

High ministerial salaries have ensured good governance. It has enabled the PAP to attract top talent to its ranks to ensure the continued success of Singapore.

Imagine what would happen to the country if clowns from WP, NSP or SDP took office. It's a horrifying thought.

 

[ZorrorroZ]

Singapore economy has been growing. Ministers' salaries was pegged to the pay of CEOs who's salaries were determined by the market.

We Singaporeans are not cattle. We can see and we can think.
LCY should go into retirement for lying to us.

So pegging Ministers salaries to CEOs is actually artificially inflating them ... because there are no actual productivity gains by the Ministers to justify these increases in the first place, right? But it's ok to artificially inflate ministers salaries and cause inflation, because we don't want their mothers and daughters to be maids overseas.

However, it is not OK to artificially inflate the bottom few in order to let them live slightly better.

 

[ZorrorroZ]

High ministerial salaries have ensured good governance.

Recent events disabuse your statement.

 

[Kinana]

Its not artificial, its pegged to the market.

 

[Bigfuck]

Its not artificial, its pegged to the market.

What are you talking about? Singapore is a managed economy as is the currency? What is pegged to the market? You are pegged to the PAP movements but not the rest of Singapore.

 

[Leongsam]

Recent events disabuse your statement.

Minor issues have no bearing on the fact that the country is extremely succesful. The overall economic indicators are positive. The country is growing. Jobs are being created. Inflation is in check. Property values are rising and so is per capita income.

Are there a few hiccups?... of course there are but they're insignificant in the grand scheme of things. No country is perfect but the fact remains that Singapore is the envy of many. You should count your blessings.

 

[zhihau]

hope u get run over by a truck while on the road then.

bro,
who would then be capable of hosting a forum of this calibre?

 

[ZorrorroZ]

Minor issues have no bearing on the fact that the country is extremely succesful. The overall economic indicators are positive. The country is growing. Jobs are being created. Inflation is in check. Property values are rising and so is per capita income.

Are there a few hiccups?... of course there are but they're insignificant in the grand scheme of things. No country is perfect but the fact remains that Singapore is the envy of many. You should count your blessings.

Your grand scheme of things was in the past. Past glories do not equate to future results. No longer can we consider the events of the recent years as hiccups. They are signs of 1st or 2nd stage cancer. Don't keep deluding yourself otherwise. Making like a scout, and be prepared.

 

[Leongsam]

No longer can we consider the events of the recent years as hiccups.

All I've seen in recent years is progress by leaps and bounds. Singapore has gone from strength to strength in the last 5 years and many Singaporeans have become extremely wealthy thanks to the excellent leadership of the PAP.

 

[Leongsam]

why cannot reurn 100% to us when we reached 55?

Because you'd squander it all in a short period of time or some PRC broad would take you to the cleaners.

 

[ZorrorroZ]

Because you'd squander it all in a short period of time or some PRC broad would take you to the cleaners.

Yep.. so rather than squander it in a short period of time or let some PRC broad take it, it's better to leave it in the CPF and die without ever seeing the money.

 

[ZorrorroZ]

All I've seen in recent years is progress by leaps and bounds. Singapore has gone from strength to strength in the last 5 years and many Singaporeans have become extremely wealthy thanks to the excellent leadership of the PAP.

Just because a bunch of PAP related cronies have become extremely wealthy, we can't equate it to "many Singaporeans". Many Singaporeans have actually lost their jobs and/or are slaving away collecting tin cans, wiping tables and begging for handouts at Meet the MP sessions.

 

[Leongsam]

Just because a bunch of PAP related cronies have become extremely wealthy, we can't equate it to "many Singaporeans". Many Singaporeans have actually lost their jobs and/or are slaving away collecting tin cans, wiping tables and begging for handouts at Meet the MP sessions.

A small bunch of losers have lost their jobs. You can't blame the government for the existence of idiots in the country. The losers weren't manufactured by the PAP. They were a result of the reproductive process carried out by members of an inferior gene pool.

The majority of Singaporeans are doing very well. Singapore has more million dollar households per capita than any other country! It is also the most competitive city in Asia.

Singapore Is Asia’s Most Competitive City, Economist Says
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Sam Kang Li/Bloomberg​

Visitors look at the central business district skyline from the SkyPark atop Marina Bay Sands in Singapore.

Singapore is Asia’s most competitive city in attracting businesses, efficiency and promoting a clean environment, according to an Economist Intelligence Unit report commissioned byCitigroup Inc. (C)

The island, ranked by the World Bank as the easiest place to do business, was the world’s third-most competitive city after New York and London among 120, according to the report. Singapore ranked the highest in financial maturity and physical capital, beating Hong Kong, which was ranked fourth overall, the report showed.

Play Video

March 16 (Bloomberg) -- Andrew Davis, associate director-general at InvestHK, and Phillip Overmyer, chief executive of the Singapore International Chamber of Commerce, talk about the attractiveness of Hong Kong and Singapore as financial hubs in Asia. Singapore is Asia’s most competitive city in attracting businesses, efficiency and promoting a clean environment, according to an Economist Intelligence Unit report commissioned by Citigroup Inc. Hong Kong was ranked fourth overall, the report showed. Davis and Overmyer speak with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)


“Our strong attributes of trust, knowledge, connectivity and livability have underpinned our ability to attract investments, business, talent and ideas,” Leo Yip, chairman of Singapore Economic Development Board, said today in a statement. “It is also becoming a strategic location for Asian enterprises to build capability to grow international markets.”

Singapore has cut taxes in recent years to spur investment, prompting companies to hire hundreds of thousands of people from overseas. Foreigners and permanent residents make up more than a third of the nation’s 5.2 million population. The city has brought in about 1 million people since the beginning of 2005 as the government allowed more immigration to make up for a declining birth rate.

The city state forecasts its economy will expand 1 percent to 3 percent this year after growing 4.9 percent in 2011. The current gross domestic product forecast for Singapore in 2012 doesn’t factor in “downside risks emanating from abroad,” the trade ministry said on Feb. 16.

‘Neck to Neck’

While Singapore and Hong Kong were “neck to neck” in most of the categories, Singapore outperformed in environmental governance and global appeal, said Sudhir Thomas Vadaketh, senior editor at Economist Intelligence Unit.

Asia ranked the highest in terms of economic strength, the most weighted category in the ranking, making up 15 cities in the top 20, the report said. Of these, 12 cities are in China, the report showed.

“Asia’s economic rise is clearly reflected in the economic strength of its cities,” Stephen Bird, chief executive officer of Citigroup’s Asia-Pacific region. “Cities are engines of global growth that are transforming the landscape of investment, talent and business.”

The 120 cities account for about 29 percent of the global economy with a combined GDP of $20.2 trillion. The report looked at such categories as economic growth, social aspects, infrastructure and talent to identify areas of opportunities, Michael Zink, head of Citigroup for the Southeast Asian region, said today in Singapore.

 

[groober2011]

What are you talking about? Singapore is a managed economy as is the currency? What is pegged to the market? You are pegged to the PAP movements but not the rest of Singapore.

Bowel movements.

 

[greedy and cunning]

Which job in Singapore can you have higher salaries without productivity gains and yet not lead to job losses?

Quick, no copying.

when the greedy INCREASE the selling/lease price of house and land
there is no productivity gain.

:p :*:

 

[Kinana]

They are able to sell at higher prices because singkies are getting richer and richer, even the bottom 20% also.