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Coffeeshop Chit Chat - LauCheeBye with his usual HUBRIS.</TD><TD id=msgunetc noWrap align=right>
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October 20, 2009 by admin
Filed under Top News
Leave a comment :- Temasek Review
From our Correspondent
Singapore Minister Mentor Lee Kuan Yew had dismissed the minimal wage as a method to reduce the growing income gap between the rich and poor on the island state.
In response to a question by a SMU student on what Singapore could do to help its bottom 20 per cent, MM Lee answered that Singapore’s approach has been to create as many jobs as possible, while leaving the market to decide the right type of pay.
“Never mind your Gini coefficient. If you don’t have a job you get zero against those with jobs. So our first priority is jobs for everybody,?he said.
The Gini coefficient measures the income distribution across a country and is often used as gauge of the income gap.
Singapore’s Gini coefficient has increased steadily for the last 10 years with a slight dip last year due to the global financial crisis which eroded the wealth of the richest 10 per cent in Singapore.
According to statistics released by the Singapore government, the median income of the lowest 20 per cent of the income group has remained stagnant or even decreased over the last decade due to the influx of cheap foreign labor.
Singapore’s Gini coefficient is the highest among the 30 most developed economies in the world and ranks along the likes of Kenya, Russia and Nigeria.
The government’s liberal immigration policies has caused considerable hardships for ordinary Singaporeans while social benefits have not increased sufficiently to help those who are left behind.
There are no independent trade unions to represent the interests of workers in Singapore. Neither is there an opposition in parliament to check on the ruling party.
The largest so-called trade union in Singapore ?NTUC, is actually a government-affiliated organization whose Secretary-General is a PAP minister appointed by the ruling party.
Draconian laws to curb civil liberties are also put in place by the ruling party to prevent any organized outpouring of dissent to protest against its policies.
MM Lee forgot to mention the fact that though it is important to create jobs for the people, measures must be put in place to ensure that the wages are sufficient for them to maintain a minimum standard of living.
With most Singaporeans continue to be ignorant of their political rights as citizens of their country, they will have no choice but to subject themselves to the mercy of the ruling party and its erstwhile leader MM Lee Kuan Yew.
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
October 20, 2009 by admin
Filed under Top News
Leave a comment :- Temasek Review
From our Correspondent
Singapore Minister Mentor Lee Kuan Yew had dismissed the minimal wage as a method to reduce the growing income gap between the rich and poor on the island state.
In response to a question by a SMU student on what Singapore could do to help its bottom 20 per cent, MM Lee answered that Singapore’s approach has been to create as many jobs as possible, while leaving the market to decide the right type of pay.
“Never mind your Gini coefficient. If you don’t have a job you get zero against those with jobs. So our first priority is jobs for everybody,?he said.
The Gini coefficient measures the income distribution across a country and is often used as gauge of the income gap.
Singapore’s Gini coefficient has increased steadily for the last 10 years with a slight dip last year due to the global financial crisis which eroded the wealth of the richest 10 per cent in Singapore.
According to statistics released by the Singapore government, the median income of the lowest 20 per cent of the income group has remained stagnant or even decreased over the last decade due to the influx of cheap foreign labor.
Singapore’s Gini coefficient is the highest among the 30 most developed economies in the world and ranks along the likes of Kenya, Russia and Nigeria.
The government’s liberal immigration policies has caused considerable hardships for ordinary Singaporeans while social benefits have not increased sufficiently to help those who are left behind.
There are no independent trade unions to represent the interests of workers in Singapore. Neither is there an opposition in parliament to check on the ruling party.
The largest so-called trade union in Singapore ?NTUC, is actually a government-affiliated organization whose Secretary-General is a PAP minister appointed by the ruling party.
Draconian laws to curb civil liberties are also put in place by the ruling party to prevent any organized outpouring of dissent to protest against its policies.
MM Lee forgot to mention the fact that though it is important to create jobs for the people, measures must be put in place to ensure that the wages are sufficient for them to maintain a minimum standard of living.
With most Singaporeans continue to be ignorant of their political rights as citizens of their country, they will have no choice but to subject themselves to the mercy of the ruling party and its erstwhile leader MM Lee Kuan Yew.
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