“Participants are afraid that foreigners may take away jobs amidst the economic downturn.”
- Channel News Asia
“If we just send away the foreign workers now, it will do us harm, because the company already in difficulty and they hire half foreign workers, half Singaporeans and you tell them foreign workers must go out, you take Singaporeans, its cost may go up and the company may close. And if the company closes, even the half who now have jobs may lose their jobs.”
- Prime Minister Lee Hsien Loong
With inflation running at all time high coupled the absence of a minimal wage and social safety net to protect retrenched workers, unskilled, blue-collared workers will be the hardest hit.
In a completely free job market, locals which cost more due to CPF contributions from the employers will invariably lose out to low-cost foreign labor for companies struggling to keep their overheads low during difficult times like this.
Read full article and watch video of PM Lee's words here:
http://wayangparty.com/2008/11/08/p...-thankful-to-foreigners-for-giving-them-jobs/
- Channel News Asia
“If we just send away the foreign workers now, it will do us harm, because the company already in difficulty and they hire half foreign workers, half Singaporeans and you tell them foreign workers must go out, you take Singaporeans, its cost may go up and the company may close. And if the company closes, even the half who now have jobs may lose their jobs.”
- Prime Minister Lee Hsien Loong
With inflation running at all time high coupled the absence of a minimal wage and social safety net to protect retrenched workers, unskilled, blue-collared workers will be the hardest hit.
In a completely free job market, locals which cost more due to CPF contributions from the employers will invariably lose out to low-cost foreign labor for companies struggling to keep their overheads low during difficult times like this.
Read full article and watch video of PM Lee's words here:
http://wayangparty.com/2008/11/08/p...-thankful-to-foreigners-for-giving-them-jobs/