Singapore PAP thinks by having more people equate to better quality of life

[Watchman]

Grads dealt harder job blow
Dec 15, 2009

By Kor Kian Beng, Political Correspondent

DESPITE signs of a turnaround in the job market, university graduates are no better off.

In fact, more of them are without jobs and taking longer to land a job, according to revised official figures released on Tuesday.

Part of the reason is that they often tend to seek jobs that pay close to what they used to earn, said labour MP Josephine Teo, who is also assistant secretary-general of the National Trades Union Congress (NTUC).

However, economists interviewed foresee their lot improving in the new year, when growth is expected to hit 5.5 per cent, according to a recent poll of 20 private-sector economists by the Monetary Authority of Singapore.

Meanwhile, the labour market in the third quarter, following Singapore's exit from recession, shows 'encouraging signs of a turnaround', said the Ministry of Manpower (MOM).

The revised figures show more jobs were added, fewer people were laid off and there were more vacancies between June and September.

 

[tonychat]

Part of the reason is that the govt still hog the concept of inviting foreigners to set up companies here rather than trained the locals to set up their own companies and provide jobs for their own people.

Why use the concept of the 70s and 80s in the current 21st century. Move with the times please. This shows alot of those who vote for you. They are really ill-informed and backward.

 

[TeeKee]

They always have better quality of life....regardless of more people or not..

Landed properties, Large Luxury Cars driven by Mats...and having airflown sushi chefs from Japan to cook in their huge kitchen/dining tables.

As long the nation's coffers is full to the brim, they can continue to enjoy it.

But for the average peasants, you have to rub shoulders and smell the armpits of your fellow banglas friends in MRT..

That's a different quality of life, it helps to build a person's characters!!

 

[CPFBCPFB]

I will let you into a bit of secrets.

It is actually regarding the EMPTY CPF funds.

It is gone, our savings.

By bringing in large amount of people the PAP is hoping to collect more CPF contributions from the salaries of the new people, in order to fill the deep hole they had made.

They are actually only buying time, because again when these people got old and want to withdraw CPF there is again still nothing there to pay them sufficiently.

The PAP's CPF Ponzi scheme is terribly failing and falling apart.

That's why they crapped out the naive idea of buying time with 6.5 million people contributing now to let the past 4 million people withdraw sufficiently. By the time 6.5 million reached their age, they will need 10 million to contribute.

Why the HUGE deficit?

Because PAP & Temasek are bleeding all the way all the time, and mostly not admitting it, most of the time. CPF money always goes down the drain.

That is a BIG SECRET that everyone knows!

 

[pallkia]

Imagine more than 6800 people living in a square kilometers?That is the density of 5 million people living in a area of 760 sq km.Next time our bamboo sticks clothes hangar will surely hit our neighbour's bamboo stick!