U.S Labor Dept:Singapore has steepest productivity decline & lowest increase in wages

[Watchman]

U.S Labor Dept: Singapore has steepest productivity decline and lowest increase in hourly wages in 2007 – 2008

March 3, 2010 by admin

According to a shocking press release from the U.S. Department of Labor last year, Singapore experienced the steepest decline in productivity among 17 developed economies in the world in the years 2007 – 2008.

Not only that, it had the lowest increase in the hourly compensation per unit labor cost and one of the highest increase in manufacturing unit costs as well.

The detailed article was not reported by the Singapore media. Neither was it mentioned by Finance Minister Tharman last week which would have greatly embarrassed the PAP government.

Steepest productivity decline

Among the 17 countries, the Republic of Korea and the United States had the largest increases (1.2 per cent each) while Singapore had the steepest decline (-6.6 per cent):

 

[Watchman]

Re: U.S Labor Dept:Singapore has steepest productivity decline & lowest increase in w

Maybe a double whammy to suppress wages further !

 

[chewed]

Re: U.S Labor Dept:Singapore has steepest productivity decline & lowest increase in w

U.S Labor Dept: Singapore has steepest productivity decline and lowest increase in hourly wages in 2007 – 2008

March 3, 2010 by admin

According to a shocking press release from the U.S. Department of Labor last year, Singapore experienced the steepest decline in productivity among 17 developed economies in the world in the years 2007 – 2008.

Not only that, it had the lowest increase in the hourly compensation per unit labor cost and one of the highest increase in manufacturing unit costs as well.

.......

Steepest productivity decline

Among the 17 countries, the Republic of Korea and the United States had the largest increases (1.2 per cent each) while Singapore had the steepest decline (-6.6 per cent):

Singapore - developed economy with a 3rd world wage rate.....

 

[cockcansing]

Re: U.S Labor Dept:Singapore has steepest productivity decline & lowest increase in w

With the influx of foreigners, they had suppress the wages and now productivity down. What great idea they have next? What happen to the better, faster & cheaper?

 

[gbomega]

Re: U.S Labor Dept:Singapore has steepest productivity decline & lowest increase in w

I guess the official reply will be somewhere along these lines

"these western countries got their own standards and they don't understand Asians, we cannot take these statics as it is as they don't apply to our circumstances"

and btw got hyperlink boh?

 

[makapaaa]

Re: U.S Labor Dept:Singapore has steepest productivity decline & lowest increase in w

 

[Papsmearer]

Re: U.S Labor Dept:Singapore has steepest productivity decline & lowest increase in w

U.S Labor Dept: Singapore has steepest productivity decline and lowest increase in hourly wages in 2007 – 2008

March 3, 2010 by admin

According to a shocking press release from the U.S. Department of Labor last year, Singapore experienced the steepest decline in productivity among 17 developed economies in the world in the years 2007 – 2008.

Not only that, it had the lowest increase in the hourly compensation per unit labor cost and one of the highest increase in manufacturing unit costs as well.

The detailed article was not reported by the Singapore media. Neither was it mentioned by Finance Minister Tharman last week which would have greatly embarrassed the PAP government.

Steepest productivity decline

Among the 17 countries, the Republic of Korea and the United States had the largest increases (1.2 per cent each) while Singapore had the steepest decline (-6.6 per cent):
QUOTE]

Thanks for the article, it really shows that we cannot trust the PAP numbers at all. What else have they lied about? The number of FTs? The growth rate of the economy?

 

[singveld]

Re: U.S Labor Dept:Singapore has steepest productivity decline & lowest increase in w

for the highest paid gov in the entire world.

their solutions are more FT, more cheap labour, more new citizens.

increase taxes.

i dun think we need to super human ministers to think of these idea, even a beggar can think of these ideas.