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Chitchat Why Jamus Lim join Workers' Party ?

Jamus invites you to pose questions. :cool:

Jamus Lim

1d ·
A final call for anyone who may not be doing something this Sunday afternoon: join us for The Workers' Party Youth Wing (WPYW) Post-Budget Debate, and watch how teams take on key issues emerging from #Budget2025. In addition to seeing how the debates unfold, you’ll also get to engage in thought-provoking discussions of your own, and get the chance to pose your own questions!
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Sunday, 16 March
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1:00 PM
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701 Geylang Rd, #04-02, Singapore 389687
Sign up here: https://forms.gle/k31EFqCsLyBsFBZs5

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Jamus is concerned. :coffee:

Jamus Lim

4d ·
Singapore has a skilled worker gap. Reports indicate that as many as 4 in 5 companies face workforce talent shortages. The solution by the government has been to import such human capital from abroad. This, in and of itself, isn’t a big deal. If those skills cannot be met by the local workforce, then allowing companies to hire foreign talent helps keep them economically viable. To the extent that this then creates new jobs that locals take on, it becomes a win-win. The problem, then, is when these jobs that are filled by foreigners can actually be performed by our own graduates, or if we’re not doing a good enough job (no pun intended) of preparing our students for what employers want.
One reason for the latter is not so much that we don’t have a good enough educational system—we still routinely rank among the best globally, even if one may quibble about methodology—it is that we seem to be in an educational arms race. Most of us are familiar with how our performance is frequently determined relative to our peers, when we are “graded on a curve.” This is appreciated when one faces a very difficult course, when everyone is struggling to cope. But the opposite happens when it is an easier subject: if scaling were to be applied, then those who actually know their stuff—and who would otherwise score an “A”—get unfairly penalized, with a marked-down grade.
This is problematic if we believe that the purpose of education is to transfer knowledge, rather than to sort between the wheat and the chaff. After all, we don’t say to someone who can drive properly that they also need to drive better than others, too. If so, then we need to adopt a different mindset about who should get into our institutes of higher education. In particular, entry criteria should care less about relative entrance criteria, but absolute ones. In other words: make the cut based on whether you have what it takes to pass the required courses and obtain the diploma or degree, and you should get into the program.
As long as the criteria are set realistically, this won’t dilute quality at all. In exchange, we ensure that all students that possess what it takes to be able to graduate aren’t denied the opportunity to study what they wish. Some may argue that this could saddle weaker students with an unbearable debt burden, should they end up dropping out. One way to minimize this risk is to ensure that resources are expanded to ensure that nobody is left behind. And truth be told, I’ve never been convinced that performance in one high-stakes test, like the “O”/“N”/“A”-levels, is indicative of future success. Indeed, many successful people (including CEOs, politicians, and academics) have shared how they did poorly in a given exam.
Others claim that this would result in the overproduction of graduates. But in reality, what we have is a shortfall in skills training. We then try to fill these with foreign graduates, who may not have been good enough to success in our present system to begin with. I would much prefer us to take our local students, and channel them toward the courses where there are industry needs. This is especially the case with applied degrees, like those from SIT, SUSS, and SUTD. Our top students can still be channeled into our flagship research universities, like NUS and NTU, via relative standing, to ensure that these schools attract and retain the best minds worldwide.
Such an approach is tried and tested. The French public Université system is generally open to all who have passed the baccalauréat, their high school diploma equivalent, while top students tend to try for the private Grande Écoles instead. In Germany, certain universities go as far as to practice free admission (just meet basic university entrance criteria), with standards for tougher courses maintained by having students who cannot handle the material to voluntarily drop out. And while the prestigious University of California system maintains tough standards, the next-tier California State University system has much more liberal entry policies, with underrepresented college students even assured entry into certain courses.
Education Minister Chan, in his response, objected to the idea. He explained that the goal isn’t to increase the number of graduates, per se, but to ensure that we match graduates to the actual needs of employers. I can’t agree more, but the fact is that making tertiary education entry dependent on meeting minimum entry criteria isn’t mutually exclusive with making sure matches are optimized.
In fact, my point is that we are neglecting the huge pool of potential students at home, who are interested in and able to pursue programs of study that is needed by industry, but who are overlooked because they are shut out of programs due to their high-performing peers. We then crow about how we need better matching and more imported talent, when the human capital is already there, waiting to be trained and deployed. That is real failure that I see, and one that can be addressed by minimum-entry-criteria universities. #makingyourvotecount















 
Jamus chatted with residents. :cool:

Jamus Lim

2d ·
Over the past week, #TeamSengkang went by 259B #Compassvale as well as part of 351A #Anchorvale. We also made our way to chat with residents at the 303 coffeeshop. Many residents, as before, shared about how costs of living remain a major challenge for many. This is not just the case for households, but also businesses. One small business owner, whom I had met several times before, shared about how her industry (IT retail) was being killed by high rental costs.
As I had shared before, I believe that our land pricing model bears a good part of the blame for escalating costs of living. High rents and real estate prices don’t just get passed on to consumers through higher sticker prices for goods and services. The government’s position on this, based on their responses in parliament, has been that rental and real estate prices are only a small part of the total costs of running a business, which is dominated by the wage bill. Ergo, their argument goes, it cannot possibly drive inflation.
I believe that this misses the bigger picture. That’s because rental and land costs are unavoidable, compared to labor costs. For anyone who has taken a course in economics, they would see why: land is what we call a fixed cost. Once a contract is signed, rent has to be paid, regardless of whether the business is profitable. So even if one is not making enough, bosses will tend to keep things running, so that this fixed cost can at least be recovered (in technical terms, this occurs so long as the average variable cost is less than the price). And if the firm has some pricing power, it will raise prices to make sure this happens.
In contrast, labor is what’s known as a variable cost. Companies will keep hiring workers until the additional benefit of taking on the next worker is offset by the additional revenue that the worker is able to bring in (technically, this occurs when marginal costs are equal to marginal revenue). Put another way, businesses can—and will—shed employees if keeping those workers on payroll doesn’t justify the additional profits they might generate. All this means that there’s less likely to be pressure to raise prices, since firms can just scale back on hiring instead. Of course, companies can’t go on like this forever, but they’ll do so until they figure out how to make the business model work.
It’s also for this reason that I suspect that land could have a multiplier effect, which will show up in overall prices. If firms are forced to pay more for rent, they’re likely to raise the prices of their own goods and services. But this just means that consumers—who are also workers—will now demand a higher wage, to make ends meet. This could have a cascading effect, and add fuel (the word du jour these days is “turbocharge”) to inflation. I believe that keeping a lid on land costs is essential to keeping our economy healthy and competitive. #SengkangGRC















 
Jamus wants us to listen to one another. :smile:

Jamus Lim

13h ·
A few months back, a representative from Protect-Singapore reached out to me, asking if I would be willing to join a dinner with various folks associated with the organization. Over several hours, we had a wide-ranging discussion over many aspects of family, relationships, and local politics.
After the dinner, I was invited to another event, Healthy Family Day, a carnival organized by various church-affiliated groups. I accepted the invite, and so this past weekend, I showed up at Marina Barrage to check out the festivities.
I believe that progress in society depends heavily on all of us listening to each other. This will only happen when there is genuine conversation, and an effort to try to understand, empathize, and respect the points of view of others, even if we may continue to disagree with them, rather than shout them down.
That’s an important motivation for me in choosing to attend the festival, together with the simple courtesy of accepting an invitation to an event by a resident of #SengkangGRC. I truly believe that this is the way we move forward as a democratic society.





 
Jamus finds a tricky balance. :wink:

Jamus Lim

2d ·
It’s often tricky to find the right balance between environmental sustainability and cost saving. Many of us have an instinctive belief that making green choices must necessarily mean paying more, since brown choices are often cheaper. Admittedly, this is true in some instances. Organic food, for instance, usually costs more than non-organic, not least because of greater spoilage when herbicides and pesticides are used much more sparingly. For a long time, this was also the case with energy. Nonrenewable fuel sources were often cheaper to produce than their renewable counterparts. But increasingly, fossil fuels are becoming less competitive than solar and wind.
This can also be seen in transport. Electric vehicles (EVs), if run on electricity generated from renewable sources, promise to be both green and, over the full lifespan of a car, cheaper to run. If there is one area here where we could do more to promote reductions in waste and reuse of existing resources, it would probably be in batteries. Battery packs are the most expensive single component of an EV. Warranties for the battery tend to be around 8 years (these differ by manufacturer), but the potential lifespan of the battery is much longer; usually closer to 16 years. So these two offer reasonable lower and upper bounds for when we might wish to change them out.
Singapore is winding its way toward an all-EV fleet (the government’s target is 2040). Yet there is an inconsistency between the current COE regime—where the standard duration is 10 years, with the possibility of 10 or 5-year renewals—and this anticipated battery lifespan. But the 10-year duration that was chosen is actually arbitrary; it was chosen, in 1980, to align with the expiration of a registration fee rebate (called PARF). There’s no technical reason why we need to hew closely to this, going forward. We can reset these durations to better align them with battery lives. Making them be 16 years (with 8 or 16-year renewals) makes more sense for an EV fleet, than the current 5/10 year system.
Imagine changing out your battery after 8 years, and then getting to drive it for only another 2 years. And if you renew your COE, you’ll again be misaligned, because your battery will need to be changed midway through your 2nd COE. It just seems silly. This has obvious consequences for sustainability, too. The last thing we want is to decommission a car that has just changed out its battery, just because its COE has expired. So it’s not just silly, but wasteful.
To be clear, this doesn’t mean that COE prices won’t adjust upward to reflect the longer durations (although it won’t be one-for-one, given the way discount rates work). And the 16/8-year durations aren’t set in stone; they could evolve as battery tech advances. But the general approach strikes me as a sensible way to ensure that we balance the dual goals of affordability and sustainability, better than we do today under the existing COE regime. #makingyourvotecount















 
Jamus wishes all who celebrate: Selamat Hari Raya and Eid Mubarak! :smile:

Jamus Lim

is with Chua Kheng Wee 蔡庆威 and He Ting Ru 何廷儒.​

4h ·
Today is Hari Raya Puasa, which also marks the official end of the holy month of Ramadan. As is our custom, #TeamSengkang spent the morning at Al-Mawaddah, our local #SengkangGRC mosque, to greet the faithful as they made their way to mark the beginning of Hari Raya Puasa/Eid al-Fitr.
Over the past month, we also participated in many Iftar dinners. In addition to fellowshipping with those who were breaking fast, it was also a time of contemplation, sacrifice, and reflection. I won’t pretend to have done as much of this over the past month as my Muslim friends, but I did try to spend some additional time with family, to remind myself of the things that really matter in life.
To all who celebrate: Selamat Hari Raya and Eid Mubarak!















 
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