NSman: Why I Dun Blame FTrash for my Unemployment!

[makapaaa]

Lan cheow blain washed mentality! No wonder he deserves to be replaced by FTrash!

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>More public education needed on effects of globalisation
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->I REFER to last Friday's article, 'Singapore-China FTA a real boon'.
While free trade agreements (FTAs) generally mean businessmen and professionals from Singapore and China will be able to travel more freely between both countries to facilitate trade and investment in goods and services, more public education needs to be done to address the effects of globalisation.
This is because the middle- and lower-income groups are the biggest losers from globalisation, such as people who have lost their jobs to foreign workers or their wages cut due to foreign competition. Yet many who benefit from globalisation and FTAs also have no clue they do so.
The public can easily demonise globalisation and gradually become an ill-informed group who try to change the rules and close it out.
This group include people who have been hammered by the system and want to eliminate globalisation.
I confess I belong to this group. When I graduated into unemployment with my life sciences degree, I was disgruntled with the system, especially foreign talent and students who come to Singapore to study and fight tooth and nail with Singaporeans for jobs. I resented their presence and wanted them to go home. The privileges of Singapore citizenship conferred no benefits to me as I was on equal standing with my foreign counterparts. It is always easy to blame foreign talent for the effects of globalisation.
What I came to realise later was that globalisation is actually a technology-driven phenomenon and not a trade-driven one. If Singapore had no trade relations with China, my job would still be taken away because there is always better technology to replace the human factor. Everyone needs to constantly upgrade and embrace life-long learning to ride the wave of globalisation.
If a country cannot help the many who are left behind by globalisation and unable to fend off the effects, it also cannot save the few who are rich. For any policy to succeed, the public need to understand why it is necessary and see the world the way politicians do. Edmund Lin

 

[fanta]

If a country cannot help the many who are left behind by globalisation and unable to fend off the effects, it also cannot save the few who are rich.

Don't worry, in the family regime, the rich will always be saved

 

[singveld]

PAP suck FT cock campaign is working.

hurray

 

[Ah Guan]

Edmund Lin please stop insulting sinkaporeans with your pro FT/globalisation letters.

Without looking into the details of the FTA, you are so fucking sure it is good for us? Are you psychic or just a moron?

And we are well aware by now of how Chinaman honour their contracts.... If you think they are trustworthy, then you should go drink a litre of their fucking milk right now.

What I came to realise later was that globalisation is actually a technology-driven phenomenon and not a trade-driven one.

Since when has technology, a fucking tool, driven anything?? Globalisation is driven by profit-seeking countries out to exploit third-world economies.

If Singapore had no trade relations with China, my job would still be taken away because there is always better technology to replace the human factor.

Straw fucking man argument. FTA or no, sinkaporeans have been trading extensively with Mainland China since it opened in '79.

 

[Angelo]

Well Said !!!

 

[kylie72]

"If Singapore had no trade relations with China, my job would still be taken away because there is always better technology to replace the human factor."

He is talking lan jiao, no less...

 

[Satan]

Yes Edmund Lin. Go ahead. Be a dumb moron. You are an NS slave who have to serve reserve slavery as well. Let an FT take over your job and you work in dead end jobs. Believe foolishly that FTs are here to "create jobs" for you and go on working (in dead end jobs) till the day you leave this planet. Go ahead moron. Go on voting for the PAP and let them go on fucking you upside down everyday. :oIo:

 

[VIBGYOR]

Advisory Board Member

Edmund LIN
Partner
Head of Southeast Asia, Financial Services practice area



Edmund Lin is a partner and founding member of Bain & Company's Singapore office, and heads the firm's Financial Services practice area in Southeast Asia. He has worked with Bain for over 16 years in the firm's San Francisco, Boston and Seoul offices. Most recently, his focus is in Southeast and North Asia, including Singapore, Thailand, Malaysia, Indonesia, Japan and Korea.

Mr Lin specialises in Asian banking and insurance companies on growth, customer segmentation, corporate governance and market entry strategies. He has considerable experience leading private equity funds and corporate acquirers on issues ranging from deal generation and screening to acquisition due diligence and turnaround strategies. He also has first hand knowledge of the regulatory environment and how it is impacting financial services institutions in Southeast Asia.

Mr Lin is an Advisory Board member of the SIngapore Management University Lee Kong Chian School of Business and is a guest lecturer at INSEAD. He also serves on VRL Lafferty's global Advisory Board for the annual Retail Finance Asia Pacific (RFAP) conference.

He earned an M.B.A. from the Kellogg Graduate School of Management at Northwestern University, graduating with honors and received a Bachelor of Science degree in Business from the University of California at Berkeley graduating as a Regents and National Merit Scholar.

Mr Lin has published articles for the Bangkok Post, The Business Times (Singapore), China Daily, Retail Banking International and Cards International on the topics of driving customer loyalty in credit cards and retails banking and the formula for success in mergers and acquisition. He is a returning speaker at this Lafferty's Retail Finance Asia Pacific conference, and was the keynote speaker at Harvard Business School's 2005 Asia Business Conference, speaker at Comdex Asia, panelist at World Knowledge Forum 2005, and moderator at Asia Business Leaders Forum 2005 and International Enterprise Forum 2006.

 

[Ah Guan]

Not this Edmund Lin lah!

 

[mscitw]

Peasant Lin's ancestors will roll in their ash jars if they read his pro-regime post.

 

[besotted]

WONDERFUL LETTER

This guy understands the deal, many losers here don't

As a business owner, I appreciate the avaiability of a bigger pool of
employees, including hardworking and reliable PRC Chinese who listen to instructions

Singaporeans very choosy, ask a little bit extra face change colour. Ten minutes before end of shift go toilet makeup and leave on the dot. Competitor offers $100 more a month, immediately jump ship.

Even with the levy, PRC and Burmese workers are more value for money than Singaporeans, especially those young ones who have been brainwashed by Hollywood and adopt Western values of arrogance and rebellion, instead of Eastern values of hard work and loyalty

 

[Dan Now]

WONDERFUL LETTER

This guy understands the deal, many losers here don't

As a business owner, I appreciate the avaiability of a bigger pool of
employees, including hardworking and reliable PRC Chinese who listen to instructions

Singaporeans very choosy, ask a little bit extra face change colour. Ten minutes before end of shift go toilet makeup and leave on the dot. Competitor offers $100 more a month, immediately jump ship.

Even with the levy, PRC and Burmese workers are more value for money than Singaporeans, especially those young ones who have been brainwashed by Hollywood and adopt Western values of arrogance and rebellion, instead of Eastern values of hard work and loyalty

As a business owner and you are still stuck in Singapore, you are a failure.

Dan

 

[angry_one]

You're a joke. If western values are of "arrogance and rebellion" why are western companies far more successful? Why are hordes of Asians migrating to the west and not vice-versa??

WONDERFUL LETTER

This guy understands the deal, many losers here don't

As a business owner, I appreciate the avaiability of a bigger pool of
employees, including hardworking and reliable PRC Chinese who listen to instructions

Singaporeans very choosy, ask a little bit extra face change colour. Ten minutes before end of shift go toilet makeup and leave on the dot. Competitor offers $100 more a month, immediately jump ship.

Even with the levy, PRC and Burmese workers are more value for money than Singaporeans, especially those young ones who have been brainwashed by Hollywood and adopt Western values of arrogance and rebellion, instead of Eastern values of hard work and loyalty

 

[Ah Guan]

Has our good man Edmund Lin suddenly seen the light?


http://www.straitstimes.com/ST+Forum/Story/STIStory_333890.html

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Recession: S'poreans come first

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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->THE Government has made statements confirming the need for foreign talent contributions in job creation and stimulating economic growth.
While the last thing that Singapore needs is protectionism, which could trigger trade wars that will exacerbate the slump in trade volumes and economic growth, we should examine our immigration policy more clearly.
As it stands now, anxious Singaporeans like myself do not know how living in Singapore will change in these tough times.
The United States has a skilled immigrant policy which allows employers to temporarily employ foreign workers in speciality occupations by offering them H-1B visas.
But US researchers now suggest that the policy has not benefited the US significantly.
While the H-1B programme has made companies more cost-effective, the numbers show that the top companies which have the most number of H-1B holders are Infosys, Wipro, Satyam and Tata. All four multinational companies are from India.
The reverse is true for American giants like Microsoft, Google, Oracle and Yahoo. Google has H1-Bs for about 2.5 per cent of its staff. Microsoft, Oracle and Yahoo have kept their H1-B staff at minimal levels.
As for Facebook? Only one.
Does the same trend apply to Singapore? It would be interesting to find out.
The figures from the Ministry of Home Affairs in 2006 show an average of only 8,500 foreigners take up citizenship.
My personal observation is that many expatriate couples strategise by having one spouse take up Singapore citizenship to enjoy subsidies in housing, child care and education while the other retains the couple's native citizenship.
Many expatriates flock to Singapore because they see Singapore as a land of opportunity, which is clean, safe and good for families. But not many think of Singapore as their sole homeland.
We know of American citizens who cannot imagine giving up their US citizenship for a pink Singapore identity card.
A friend of mine from India who, after working here as a librarian for more than 10 years, decided to give up Singapore permanent residency and migrate to Canada because she was concerned that her son must serve national service when he completes his A levels.
Another friend from Indonesia remarked that she would return home if she cannot find a job of her choosing, after she serves her bond here.
To sum up, most foreigners choose to stay here for utilitarian reasons, unlike the reasons why native-born Singaporeans live on this island.
So, when times get tough and jobs are scarce, our immigration policy must put Singaporean citizens first.

Edmund Lin

 

[The_Latest_H]

Bain's Capital? Sounds like it was the firm former Republican presidential primary contender Mitt Romney founded way before he went into politics in the early 90s.

In any case, the thing about globalisation is not whether is it good or bad, but about the impact of both, and how much the government is open or close towards the impact of both on the people. In other countries, such as ours, the government doesn't care, and hence ordinary people will suffer retrenchment and rising costs, even as the economy grows 8% year on year(as a bubble economy builds up).

In other countries, the government tries to shore up the basic safety net, and install safeguards to ensure a level of protection for ordinary people who will suffer the most from the worst effects of open globalisation. Its doesn't mean that they become protectionist- more like even as they are pro-free trade, they use the money they have gain to put in more money into the system that ordinary people depend on or can depend on in times of difficulties.

Countries such as Sweden, Denmark and Finland(and in a smaller scale, Australia) are examples where they haven't suspend capitalism, but hasn't abandoned their welfare system- and that's why the impact of the meltdown while will still be felt, will be smaller than the rest.

As it is, Australia may only suffer a 0.2% recession this year, and get up to 1% in 2010. Compared to America, the UK, the rest of Europe, Singapore, HK and South Korea, a 0.2% drop is nothing. Other countries are worse off many times over, with many predicted to suffer at least a -5% shrinkage for 2009.

 

[angie II]

WONDERFUL LETTER

This guy understands the deal, many losers here don't

As a business owner, I appreciate the avaiability of a bigger pool of
employees, including hardworking and reliable PRC Chinese who listen to instructions

Singaporeans very choosy, ask a little bit extra face change colour. Ten minutes before end of shift go toilet makeup and leave on the dot. Competitor offers $100 more a month, immediately jump ship.

Even with the levy, PRC and Burmese workers are more value for money than Singaporeans, especially those young ones who have been brainwashed by Hollywood and adopt Western values of arrogance and rebellion, instead of Eastern values of hard work and loyalty

This is one clear example of a post that reflects the selfless person that you are, which is not what i have to worry about people like you. In fact i looked forward to a deeper recession.

 

[Ah Guan]

For heaven's sake they are different Edmund Lin's lah!

Edmund Lin the Bain & Co partner:

He earned an M.B.A. from the Kellogg Graduate School of Management at Northwestern University, graduating with honors and received a Bachelor of Science degree in Business from the University of California at Berkeley graduating as a Regents and National Merit Scholar.

Edmund Lin the ST Forummer:

When I graduated into unemployment with my life sciences degree,

 

[besotted]

This is one clear example of a post that reflects the selfless person that you are, which is not what i have to worry about people like you. In fact i looked forward to a deeper recession.

haha, indeed

check with most SMEs, they will say the same i have said

especially the new entrants

 

[NissanViP]

haha, indeed

check with most SMEs, they will say the same i have said

especially the new entrants

Please let me know your restaurant business address, I wish to test your foreign so-called talent worker skill and attitude.

 

[besotted]

webmaster, plse remove this NissanVIP stalker