SMEs should increase starting pay for workers

Credit: MoneySmart.SG

Hi all Singaporeans, elections are going to come soon and this is a reminder to all to vote wisely.

I have a diploma in business management from a reputable polytechnic and served my country proudly in MINDEF HQ for 2 years. I initially wanted to sign on as a DXO but due to friction between me and my superior, I dropped the idea. Upon ORD-ing, the job market was so bad I could not secure a decent job immediately. Many SMEs did not even offer us the median pay of $2,500 for diploma holders, and used the bad job market as an excuse to push their salaries down. They could have advertised $2,200, but claimed due to “lack of work experience” they could only offer me $1,800. I knew something was wrong as the annual surveys of diploma holders show that salaries from $2,200 to $2,600 are common, especially for graduates in business management. One of my friend even secured a starting salary of $3,000 at an MNC, and yet SMEs are offering us this kind of wages? Is the economy so bad? Why has the government allowed SMEs to push down our salaries like this? How will we ever afford a HDB and start a family given such a low starting salary? The government itself is at fault when you see Istana offering low wages of $1000+ for Singaporeans. Even the President pays her workers so cheaply, so why should SMEs not do so?

And please don’t tell me youths are picky when all the jobs out there insist of using “work experience” to low ball young people out there, and falsely advertise their job scope. The only offer I had paying $2,400 required additional duties on top of what was advertised, and the HR manager bluntly told me I was expected to work overtime without additional pay should I take the job. I turned down the offer once I realised they were trying to lowball me, and used their salary to entice gullible Singaporeans. Many of the job offers are also a front to hire insurance agents and MLM agents, and I want nothing to do with them.

Overall, this is a really disgusting situation and I have already been seeking for a job for more than a year since my ORD. I have been considering doing some part-time work for food delivery companies but I remain optimistic the job market will improve. I hope I can find a suitable job that at least offers me $2,500, or even $2,300, a median pay for my diploma at this point, but the problem lies with the government. I hope we all can see the light and realise what open legs immigration policy has done to this nation, depressing wages and driving up costs of living.

 

KS Wong

 

 

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41 Responses to “SMEs should increase starting pay for workers”

  • True facts:

    Currently due to fts importation it has become third world wages.

    U come to know too late.

    I came across my fren with acs degree work for 1100 pm.

    For Yr info.

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  • Dr. Chan:

    @K S Wong
    If you want to make real money, just get a Diploma in Nursing. In the US of A, average Registered Nurse pay US$7000 a month (40 hours work week).
    Can then be promoted to management/administrator position with Bachelor making 6 figures a year. Choose any 50 states to work – from New York, California, Hawaii to Florida.
    Many Phinoys already here due to huge shortage. Unlike nurses in the East, nurses here get professional respect.

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  • Factsareharsh:

    True facts:
    Currently due to fts importation it has become third world wages.

    U come to know too late.

    I came across my fren with acs degree work for 1100 pm.

    For Yr info.

    what is ACS degree, your friend what job?

    1100 not easy here

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  • All the best:

    Would you disagree?

    there is a strategy that if the majority of the NON MIW brand citizen/voters remain UN-Educated and remain always hungry then they will have no energy, no time, no ability to resist except to timidly beg like a mouse for food.
    Influx and groom external party zoombies;

    Unknowingly Sinkies sold out their children futures, will have nothing left for their children, all eaten away by the empire in the end… while others in true democracy lives happily and decently, building up their generations of wealth.

    Soon it will be Empire State when all are replaced.

    If someone tells you democracy bad HK fighting…. then you know center finger how to use.

    Vote wisely, if not for yourself then for your children. All the best.

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  • how about para medical???:

    Dr. Chan:
    @K S Wong
    If you want to make real money, just get a Diploma in Nursing. In the US of A, average Registered Nurse pay US$7000 a month (40 hours work week).
    Can then be promoted to management/administrator position with Bachelor making 6 figures a year. Choose any 50 states to work – from New York, California, Hawaii to Florida.
    Many Phinoys already here due to huge shortage. Unlike nurses in the East, nurses here get professional respect.

    Dr bro, how about physiotherapist speech therapist occupational therapist?

    are they welcome in USA, and how much per month. Thank you.

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  • Dr. Chan:

    See Attached link: Director of Nursing (USD 110000 to USD 160000 a year)

    https://www.indeed.com/jobs?q=director%20of%20nursing&l=nj&start=10&advn=5818701688707201&vjk=d8379373f0302255

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  • TruBlu:

    Many SME bo$$es are PBMs( Pu Bor Masters )???
    In other words,gra$$LOOTers,eh?

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  • SMEs mindset are like that wan:

    The SMEs are only interested in PROFIT and more PROFIT. Why would they pay more if they can pay a lot less by hiring FTs. These idiots always complain they are making a loss yet they are dining in nice restaurants, driving new cars and investing in properties.

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  • KNN:

    Unfortunately this is the reality when you have low grades. Your classmates who got jobs in MNCs or stat boards with salary of $2.5k to $3k have GPAs above 3.5

    Simple as that.

    All companies have always taken advantage of the less able, squeeze down the costs. It’s just business. And SME bosses are famous for being PAP PLP and grassroots “volunteers”.

    Whose fault? Us the sinkies for continually voting PAPies for 50 years and keep having pro-biz and pro-company laws.

    As they say: You fucking deserve it!!!

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  • KNN:

    Harsh truth: 7 out of 10, the author’s parents & relatives voted for PAP all or almost all their lives.

    People only learn the hard truth when it happens to them or their family.

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  • Dr. Chan:

    @ how about para medical
    USA have own people to fill them. Nurses are hard jobs, Americans do not want. That is why they have special green card category. Phinoys are smart. They come over in loads. They have their own employment agencies doing their visa. A lot of them moved up to be directors, even professors in universities school of nursing. They earn their Doctorate here. Become Dean. Impressive.

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  • Harder Truths:

    KS Wong

    I marvel that after 2 years in MyDeaf HindQuarters you still believe you are worth something – that is true if you want to donate your organs. You are just another actor on the reality show Communist Island.

    You see, living well in Communist Island is about how much you kiss pappy a** or else have a lot of money from dead relatives. Or both. You don’t seem to have either. Your degree is just an expensive piece of toilet paper compared to the FT – who each have about 5 PhD degrees at the age of 21.

    But even the FT work for peanuts. In fact, to outdo them you should not talk about payment. That is unpatriotic and disloyal. As a proud ex-NS from HindQaurters you should work for free and support our government policies to make you redundant. Get used to bowing low and kissing the other important a** belonging to the FT – you should be an expert at this after 2 years in HindQuarters.

    It is ok if you cannot find a girlfriend. The government does not need you to reproduce. All replacements come from India or China. To show your loyalty and support for this you need to castrate yourself. Then your little soldiers can all ROD

    You must support our housing program – go and lease a HDB you cannot afford until you are chased out. If all else fails you can sell your kidneys but there is a glut of those from other ex-NS men like you.

    it seems your only future is to be a spare part in case the FT are not able to do someting. Like going to war. I am still not sure what someone from HindQuarters does – but I am sure it must be very loyal.

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  • True facts:

    Acs degree is Nus Accountancy Degree.

    FYI.

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  • elephant in the room:

    stop voting pap.

    pap imports by the millions aliens FTs PRs who cheapskate on wages so much so you realize employers in Spore couldn’t care less whether you are local born or alien FT PR. as long as they can pay you cheap cheap you are hired.

    if they cannot pay you cheap cheap, they have millions of ceca ah nehs and pinoy pinays all fake degrees cheap cheap. PMET wage in Spore no different from hiring a maid. go figure.

    when pap Ljs and pap CBs say they need S$m to maintain their standard of living and you cannot even get hired at S$2,500 per month. go figure.

    why do you or your parents oryour relatives vote into government such folks who cause your young life to be so ffffing miserable?

    pap caused price inflation via land pricing run amok. while they continue to pay ownself S$m which make them insensitive to S$2,500 per month wages, they also continue to put into place policies as if everyone is paid on S$m ownself justify ownself wages.

    the elephant in the room are not the employers. the elephant in the room is pap with legs wide open policy importing ceca ah nehs with fake degrees and pinoy pinays with fake degrees. pap even does it in hospitals with tonnes of pinoy pinay doctors whose degrees NOT a SINGLE one is accepted by SMC.

    go figure.

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  • DavidNeo&IreneVanessa:Bastards:

    Most local SMEs are misers when it comes to paying. They expect you not to have a life outsde work. They pay $1 but expect $10 value. You’ll will also find out their ethos about teamwork stops when it comes to money.

    In the 90s, most interviewers said:”we don’t pay well but we are goodd training ground.” That’s why people job hop back then. Even one of the big local banks declared flat out in a group interview with fresh grads:” This position $1200 only”

    There are also time wasters. These people ask you to come for an interview for a full time job and then ask you to take a lower position or even volunteer. Once, I had to email a thank Q you letter to an oreganisation saying I am unable to work for them. It’s because of their poor behavior during an interview.

    It’s like that. So shop around and sell yourself better. I know companies who put fresh grads as junior managers because they are confident. Don’t be too humble and scared scared and in awe. Interviewers sense that. You need to convey a more confident outgoing positive personailty. I know it’s hard but you have to relax. Employers will also test your level of diplomacy. From my experience, don’t work for people who lose their temper easily. Don’t also accept jobs from employers who hires you reluctantly. Because your efforts will be discounted and you will always be second class there.

    But once you’ve gained experience, doors open quicker and you get better offers. True in the 2000s but I don’r know now.

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  • Asd:

    K S Wong still sleeping…
    Why pay you higher when F thrash can take lesser than you ?

    You dam moron…

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  • Mari kita menuju bahagia:

    It is tough, too tough Mr. Wong for starters of your generation… the powers- that-be have betrayed the original vision of Dr. Goh Keng Swee & Dr. Toh Chin Chye: by the people, therefore with the people, for the sake of the people.

    The virus of greed respects no bounds and power unfettered corrupts.

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  • KNN:

    Regarding allied health / para medical:

    OT/PT/ST in S’pore hospitals are among the best paid in the world, especially if you only have Diploma from local polytechnic.

    That’s why it’s common to see angmoh OT or PT in places like SGH, CGH, TTSH etc. They are usually from Oz, NZ or UK — they can get higher pay in S’pore!

    Usually in developed countries — nurses get higher pay than OT/PT.

    It’s only in S’pore that OT/PT get higher pay than nurses — plus less tough job as well.

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  • True facts:

    The moment they import fts Yr paper qualification become toilet paper.

    FYI.

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  • The truth hurts:

    At least 60% of today cohort have a tertiary education.
    Even a degree holder cannot find a good job that pays $2200.
    By the way, 95% of all polytechnic students pass their course.
    Students who miss class, fail their tests and exams, somehow can still pass a subject because projects, quiz, e-tests help push up their grade.
    At least 10-30% of the students get an A for a subject, whether in a reputable or the fifth ranked polytechnic.
    The median pay of $2500 is what the government and the mainstream media report. This who get high pay jobs reply to the survey conducted by their poly or MOM. It is in the interest for the poly to report good survey results.
    It is the same for wage rise of more than 3% reported by the government and mainstream media.
    Only the government pay $2500 starting pay and gives that type of increment, and adjust the pay ceiling to account for inflation.
    Look at the number of lecturers in your self declared reputable poly who are manager, assistant/deputy directors and even more directors, senior directors, deputy principals that do not conduct lessons. It is thick fat and their cozy job retirement age is extended to 67!
    The MNCs do not. It is hire and fire.

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  • To KS Wong:

    Many degree holders cannot find a job that pays more than $2500, not to mention diploma holders.
    Even those who have a job will get displaced by a foreigner, ok, soon-to-be resident, aka PR or Singaporean.
    Many Singaporeans shun the hard skills courses.
    Honestly, what can a fresh business management diploma holder bring to the table in a company? Innovative ideas? Excellent marketing strategy?
    Why should they pay you $2500 when they can get a degree holder or one with relevant job experience?
    How many of your peers, close friends get a $3000 job?
    Only the government and MNCs can pay that type of pay? DXO pay is at least $2500 I suppose.
    Companies can recruit foreigners, so there is a trickle down effect -some $2500 jobs go to displaced Singaporeans with years of work experience, some $2000 jobs go to Singaporeans without diploma or work experience.
    That is where the wage supplement comes in!
    You can vote against PAP, unfortunately or fortunately, you cannot be like the Hong Kong students protesting in the street.

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  • Dead Man Rising:

    Lot’s of parallelism between China and Sillypore.

    Seeing the actions of China is like living in Sillypore.
    Our local institutions have done well in teaching the communist the art of merging capitalism and dictatorship. Harnessing the subtleness of manipulation and deceit of Western democracy to enhance power and riches, without the checks.
    Establishing one’s law to eradicate oppositions and entrenching their rule, curbing free speech and freedom of information.

    One party rule, fully embracing and interfere in a market economy for greed.
    The amount of lies, propaganda, treatment of critics, using terror to cow oppositions, are all very similar, perhaps only the scale is different as one is big, the other is small, one is very visible to the world, the other a small dot.

    The population deeply brainwashed and unduly nationalistic, any criticisms to the party become an attack to the whole nation, is also similar. One Chinese general said that the situation in HK is a result of different education. He said the HK education system should be reformed to follow Chinese syllabus. The case of need to establish the right history and narratives is also very similar.
    Hearing, saying and learning the right things are more important than knowing what is right.

    One thing is different, there is free flow of cheap foreign workers to fcuk the lives of stupid sinkies and enrich the cronies.
    China does not have to, as they have plenty of own migrant workers from inland to exploit.

    Old man’s ideology has fully conquered the middle kingdom.

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  • Went to Japan:

    Bro, my recommendation is for you to go overseas study and migrate out.

    This situation will get worst, they learn from PAPPY. Even President only wants to pay $1200 for a butler while she made millions.

    Your job will go to a hungry FT who just arrived from Malaysia or India or Philippines.

    There is no way we will change the business environment unless PAP is voted out. But 70% are fearful, selfish and naive; so change will be difficult.

    Run while you are young and while you can.

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  • Dr. Chan:

    Registered Nurse interested in USA or Canada immigration visit http://www.asmci.com
    Potential income USD2000 A WEEK.(If you work 7 days a week).
    I had a nurse working in my hospital ER who wanted to be CPA. Attended online MBA with accounting concentration, obtained her USA CPA board certification, got her Green Card while serving her 2 years bond with hospital. She then quit her nursing job, joined KPMG and later started her own CPA office. Now making close to USD 250000 a year.
    The career change flexibility possibilities are endless. No need to be stuck in one field making SingD 2000 or 3000 a month as a graduate in Singapore, competing with foreign trash. If you dare make that bold move for a better future.

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  • Alvin Fua:

    It has nothing to do with President. It is Civil Service policy..Div 3 earn less than $2k mthly.
    To that poly grad , why dont u consider working in SLA- Land Titles Registry?
    Land Titles Registry need a lot of poly grad as Registration Executive ( Div 2) post earning at least $2.5k mthly..

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  • Dr. Chan:

    ITE graduates are also in demand in USofA. People who are super handy makes USD5000 to USD6000 a month. Plumbers, Electricians etc. The Green Card category is under skilled labour – if you can find a sponsor.
    Normally, there maybe sponsor in underserved states like New Mexico, Arizona where nobody wants to go. You can actually buy a big piece of land, big house (4000 square foot) for super cheap price. You can own FEW big cars/SUVs for super cheap price.

    Definitely better than the life in Singapore. Check out the link below for electrician job post.
    https://www.indeed.com/jobs?q=electrician&l=nj&advn=3150951300183892&vjk=ef0be4c2a0746879

    If you want true Meritocracy, then come to the US0fA. They promote performers regardless of paper qualification, and fire/sack non-performers even they have the best paper academic resume/CV.

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  • pap S$m yes or no corruption:

    Dr. Chan:
    Registered Nurse interested in USA or Canada immigration visit http://www.asmci.com
    Potential income USD2000 A WEEK.(If you work 7 days a week).
    I had a nurse working in my hospital ER who wanted to be CPA. Attended online MBA with accounting concentration, obtained her USA CPA board certification, got her Green Card while serving her 2 years bond with hospital. She then quit her nursing job, joined KPMG and later started her own CPA office. Now making close to USD 250000 a year.
    The career change flexibility possibilities are endless. No need to be stuck in one field making SingD 2000 or 3000 a month as a graduate in Singapore, competing with foreign trash. If you dare make that bold move for a better future.

    Dr. Chan:
    ITE graduates are also in demand in USofA. People who are super handy makes USD5000 to USD6000 a month. Plumbers, Electricians etc. The Green Card category is under skilled labour – if you can find a sponsor.
    Normally, there maybe sponsor in underserved states like New Mexico, Arizona where nobody wants to go. You can actually buy a big piece of land, big house (4000 square foot) for super cheap price. You can own FEW big cars/SUVs for super cheap price.

    Definitely better than the life in Singapore. Check out the link below for electrician job post.
    https://www.indeed.com/jobs?q=electrician&l=nj&advn=3150951300183892&vjk=ef0be4c2a0746879

    If you want true Meritocracy, then come to the US0fA. They promote performers regardless of paper qualification, and fire/sack non-performers even they have the best paper academic resume/CV.

    Thanks, bro.

    Unfortunately, those who come here to TRE mostly all nicely squared. Just present and live to ensure toppling of pap.

    Those who need to hear and apply your messages, sadly, are the 70% sheep who don’t come here to TRE. These fellow citizens are generally low dough, meaning not of means or opportunities, but only have that trapped mentality if they vote pap ampai knock at their doors after midnight.

    Even have some A level types say, cannot get admitted to local Law school or local medical school if vote OPPO. truly sheep brain. Sad. but too bad.

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  • Snake charmers:

    Ask Kaniwaran how has Singaporean benefited from the agreement we signed with India?

    Ask Kaniwaran how he figure out $1,000 monthly salary can own HDB flat ?

    Ask Kaniwaran whether he serves the people who elected him or listen to his boss speaks with a fork tougue?

    Just to feed this bloke to keep his fat will possibly cost him $1,000 a month in food bills ( that is 0.0001 per cent of his salary) – ask him Kaniwaran the s*ake charmer can eat less this month ? His fats is showing .

    Just Kaniwaran what has he contributed to our economy since his appointment .

    Finally peanut Goh said one Pigeon will not make summer come .. huh – bunch of clueless never do business rookies leaning on other business to steal some thunder – upscale yur Hole to be fuczzz by the Indiaxx

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  • Rabble-rouser:

    @ Went to Japan, Dr Chan:
    S’poreans here are too ingrained with the PAP Indoctrination system (Best place on earth, everywhere else is unsafe!). And we have to thank our newspapers & media for that!

    Even some S’porean parent either refused to send their Children overseas (fearing they will learn bad things) or forced them to come back to S’pore to find work! And this is a true phenomena! Parents holding their children back because they are fearful & unsecured. Like a drowning man clutching for someone to hold on to.

    Dr Chan is correct to say the Sinkies need to get out of their comfort zones & seek jobs overseas. But our culture isn’t like the Pinoys. The Pinoys have been traditionally going overseas looking for work because their own domestic economy can’t sustained them.

    Here in S’pore, parents cultivate a future Strawberry generation – providing artificial comforts to them, the children too preoccupied with studying oblivious to a changing World.

    It’s now too late to think migration because the doors are closing.

    Went to Japan: Bro, my recommendation is for you to go overseas study and migrate out. Run while you are young and while you can.

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  • Dr. Chan:

    @Rabble-rouser
    Agree with you. I was born and raised (True Blue) in Singapore in the early 80′s. Went through LKY’s era. Ingrained in the concept of Singapore is Number #1 in this/that and everything. The path is pre-planned (normal or express stream,JC or Poly blah, blah then 2 and half years wasted life NS). If you enter ITE (VI boy at that time) – You are considered finished.
    Phinoys, Indonesians (maids), PRC etc. are inferior 3rd world beings.
    That was what I believed – Set in STONE.

    Until I arrived in US for my Grad and Med school. I see Phinoys, Indonesians, PRCs etc in a whole new different light. They are great survivors, they can accomplish anything they want in the American system. Nurses can become Directors/Professors. Electricians/Car Mechanics can become rich business owners with their own Auto Garages, Tech companies. Some even became Lawyers/Doctors/CPA/CFA/Investment Bankers etc. if they put in real hard work.
    There are a million routes to get to where you want to go. e.g. Online/virtual/apprenticeship/Certification classes. At the end, you are paid what you are really worth. If a Lawyer from University of Las Vegas outperforms a Harvard Graduate at work. The Harvard graduate get fired/sacked. This is true meritocrary, Singapore does not have.

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  • Anon:

    While there is no doubt that the open door policy has led to depressed starting salaries for local graduates, the impression I have of KS Wong, from what he has written and how he has presented his case, is that he unfortunately seems to have acquired an ‘entitlement mentality’. SME more so than multinationals do not have the luxury of cutting much slack. They are not simply paying for your qualification; they are more interested in you showing how you can tangibly contribute to help them survive the very competitive environment that are faced with. If you started with a low salary and used that as an opportunity t8 show your worth and make yourself indispensible, the company will have no choice but to up you salary commensurate with your ability to contribute, otherwise there is nothing to stop you from seeking another opportunity. You need to do some soul-searching; what are you really worth to a potential employer. With so much competition from foreigners, all the more reason you have to make yourself distinctive in your ability to contribute. This, instead of whining about being paid lowly.

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  • Rabble-rouser:

    @ Dr Chan:
    S’pore under the current PAP leader eco-system were living in the past; resting on the past credentials from the PAP pioneer leaders, using their past stellar economic achievements long forgotten by the current generation struggling with life like the HK’gers who have now responded with fury at their political leaders.
    S’pore is on a vicious cyclical pattern, forever stuck on the pathways of initiating economic restructuring process every 5-6 years which indicates something must be very wrong with PAP’s economic management model! No other economy in the world behave in this manner!
    Dr Chee Soon Juan best describes in his article:
    https://www.theonlinecitizen.com/2019/08/17/paps-inbreeding-of-ideas-produces-defective-policies-new-ideas-should-be-incorporated-into-spores-political-gene-pool-sdp-chief-chee-soon-juan/
    He said “The PAP is bankrupt of ideas, and I’m not exaggerating or indulging in PAP-bashing”.
    And S’poreans are still sleeping unaware that they’re part of a sinking ship.

    Dr. Chan: Until I arrived in US for my Grad and Med school. I see Phinoys, Indonesians, PRCs etc in a whole new different light. They are great survivors, they can accomplish anything they want in the American system.

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  • Very well said, and true:

    Dr. Chan:
    @Rabble-rouser
    Agree with you. I was born and raised (True Blue) in Singapore in the early 80′s. Went through LKY’s era. Ingrained in the concept of Singapore is Number #1 in this/that and everything. The path is pre-planned (normal or express stream,JC or Poly blah, blah then 2 and half years wasted life NS). If you enter ITE (VI boy at that time) – You are considered finished.
    Phinoys, Indonesians (maids), PRC etc. are inferior 3rd world beings.
    That was what I believed – Set in STONE.

    Until I arrived in US for my Grad and Med school. I see Phinoys, Indonesians, PRCs etc in a whole new different light. They are great survivors, they can accomplish anything they want in the American system. Nurses can become Directors/Professors. Electricians/Car Mechanics can become rich business owners with their own Auto Garages, Tech companies. Some even became Lawyers/Doctors/CPA/CFA/Investment Bankers etc. if they put in real hard work.
    There are a million routes to get to where you want to go. e.g. Online/virtual/apprenticeship/Certification classes. At the end, you are paid what you are really worth. If a Lawyer from University of Las Vegas outperforms a Harvard Graduate at work. The Harvard graduate get fired/sacked. This is true meritocrary, Singapore does not have.

    if a ULV grad outperforms a harvard grad, the harvard grad is fired/sacked.

    so true. and a very sound policy.

    pap practises the opposite. the moment the Lj or Cb is identified and scores well in U exam, the rule is the Lj or Cb can do no wrong and is fast tracked through the pap system. that is why anything pap touches fails.

    look at NOL and SPH. Look at Astar. Look at SMRT. Look at anything owned by 70% sheep run by gic temasick folks. all utter fail. that is why GST needs to increase from 7% to 9% instead of going down or removed.

    years ago, when one of us graduated from local U looking for job, all the ffffing pap jobs need even O level results to be presented. ffff. Not a single of the American companies who hired even bothered looking at the U degree. All they want to know is, is there a fit. If fit, and perform, good. If no fit, and cannot perform, fired/sacked.

    pap system ensures the rotten all play safe so much so nothing much that is well and good is done. all to the detriment of taxpayers, and 70% sheep.

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  • oxygen:

    MINISTER LIM HN KIANG SAID PUBLICLY – we are a “first world” economy paying Third World wages.

    IT IS UNSUSTAINABLE.

    Why?

    Because LEE-jiapore in the last 10 years is surviving on cheap money and cheap foreign labour.

    IN OTHER WORDS IT IS A ZOMBIE ECONOMY of no competitive market power pricing its products and services higher and afford to pay higher wages.

    HOW TO SURVIVE IF WE LET PAPpypolitics/PAPpynomics lead this country much longer???

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  • Out the Pariah:

    KS Wong,

    There are many reasons why job market is tough. The following may apply to spore…

    The job recruitment agencies could be controlled by the indians and their crime synicates, motive very clear, to ensure no employment for the local young Chinese and Malays, as a form of revenge.

    The key personnel in the border control department issuing work visas could be indians too.

    Human trafficking, usually run by jews, cantonese and indians, is more profitable than drug trade since 2004, so you see more foreigners shipping to Malaysia and spore, labor exploit or sex industry. Indian politicians also use this method to consolidate their powers besides money flowing in to their pockets, double win.

    Indians in Canada uk always use naive women to hold key gov poistions, easy to manupilate. You will see more women in politics as a result, spore no exceptions.

    Hope that helps

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  • Jman:

    The economy is really no good.

    The internet has killed a lot of SMEs that might have paid the Author a decent wage. And by the way, we are the ones supporting those disgusting foreign e-commerce and social media giants which pay no taxes here, and kill off local businesses, so we can get some small savings here and there.

    We have to ask ourselves – who is to blame for all this? It is partly the fault of useless Politicians, here and abroad, for coasting along as Big Tech sucks the life out of everyone and many countries. But it is also our collective fault as we are the ones supporting disgusting Big Tech.

    While it is partly right to rant at the Govt, we also have to look at ourselves in the mirror. We have a hand in this.

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  • BK:

    Morning @Rabble-rouser, agree with most of what u said. But Im more bull on Dow and US dollars for medium term.

    The biggest risk is not US or China, but EU. Never in history have consistent negative rates been used as a major policy to avert recession. And this has forced EU banks to lend to ‘bad risk’ individuals and companies. And yet, inflation, seen by EU as an indicator of economic growth has failed to materialize.

    And now IMF is recommending ‘deep’ negative rates as EU stalls and head towards a deeper abyss. One reason why I think FED lowered rate is to help this imminent move. Out of all the US dollars cash out there, about 70% is circulating or being hoard outside of US. Im sure alot is kept by China ppl, a reason why the Yuan dived. Trump is of course wrong that China is manipulating the currency. It is geo-political uncertainty.

    Is Germany going to bail out Italy? If not, when Italy goes the way of Greece, where will Euro be? The only way out is to break the EU. Within EU, the spread of German bonds to the others are widening all the time, this is a hedge. If EU breaks they prefer to hold Deutschmark.

    So, I support Brexit, because break up of EU to me is not if but when. And UK exports 60% to others vs 40% to EU. But so many trade decisions have to get agreement via Brussels, which means agreement from 28 countries, and that is cumbersome to say the least.

    I dont think China can take over US without rule-based and loosening up of capital control. The CCP needs to control economy via State enterprises, they run based on what is good for itself rather than on biz rationale. Unless this changes, I dont see how China can replace US as global power.

    Technically, U can still see the Shanghai index high is in 2007, about 50% below now. And this is an index often artificially supported by the Chinese govt. While Dow continues to make higher highs. Given the state of economies and geo-politics, I see this as massive capital flight from major economies to US.

    Turbulent times indeed.

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  • oxygen:

    @ Out the pariah

    GOOD EDUCATIONAL POST below. Cheap foreign labor scabs will destroy LEE-jiapore – I refuse to call them talents.

    THERE IS NO PRECEDENT ANYWHERE ELSE ON EARTH of these nonsense happening that happened more than a decade ago.

    TRE READERS plse read this weblink on the “quality” of cheaper, UNVERIFIED OR DUBIOUS FOREIGN HIRING sourcing – THE INGREDIENTS ARE DUBIOUS OF QUALITY.

    Failed uni students threaten hunger strike

    https://www.smh.com.au/national/failed-uni-students-threaten-hunger-strike-20060317-gdn60n.html

    AUSTRALIA IS VERY SELECTIVE OF ITS IMMIGRATION INTAKE – those who are capable of going on hunger strike to blackmail universities to give them degrees won’t get their employment visa.

    Out the Pariah: KS Wong,

    There are many reasons why job market is tough. The following may apply to spore…

    The job recruitment agencies could be controlled by the indians and their crime synicates, motive very clear, to ensure no employment for the local young Chinese and Malays, as a form of revenge.

    The key personnel in the border control department issuing work visas could be indians too.

    Human trafficking, usually run by jews, cantonese and indians, is more profitable than drug trade since 2004, so you see more foreigners shipping to Malaysia and spore, labor exploit or sex industry. Indian politicians also use this method to consolidate their powers besides money flowing in to their pockets, double win.

    Indians in Canada uk always use naive women to hold key gov poistions, easy to manupilate. You will see more women in politics as a result, spore no exceptions.

    Hope that helps

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  • oxygen:

    @ Jman

    THE ECONOMY IS REALLY NO GOOD – cheers to you on this admission of reality.

    And Lee-jiapore still flooding in those cheaper foreign scab labor whose culture is acceptable of this behavior – BLACKMAIL UNIVERSITIES INCLUDING FOREIGN UNIVERSITIES to grant them degrees even FOR FAILED PERFORMANCE.

    https://www.smh.com.au/national/failed-uni-students-threaten-hunger-strike-20060317-gdn60n.html

    And from another landmass towards the north – DEGREES CAN ALSO BE BOUGHT UNDER TABLE VIA POLITICAL DONATIONS to the millionaire professors.

    IA IS DISPLACING JOBS and LEE-jiapore is hellbent on expanding its foreign labor influx to sustain a ZOMBIE ECONOMY WHICH WILL SURVIVE TOMORROW only by this formula – claimed first world economy can only afford to pay third world wage according to Lim Hn Kiang.

    IT IS CALLED IN MY LINGO – POPULATION RECYCLING ECONOMICS – local PMETs simply got recycled out to make way for DUBIOUS FOREIGN INFLUX OF THE MOST DEBASED QUALITY – qualifying of work visa armed with a degrees blackmailed from dubious universities anywhere in the world.

    Jman: The economy is really no good.

    The internet has killed a lot of SMEs that might have paid the Author a decent wage. And by the way, we are the ones supporting those disgusting foreign e-commerce and social media giants which pay no taxes here, and kill off local businesses, so we can get some small savings here and there.

    We have to ask ourselves – who is to blame for all this? It is partly the fault of useless Politicians, here and abroad, for coasting along as Big Tech sucks the life out of everyone and many countries. But it is also our collective fault as we are the ones supporting disgusting Big Tech.

    While it is partly right to rant at the Govt, we also have to look at ourselves in the mirror. We have a hand in this.

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  • all vision-minded:

    //The internet has killed a lot of SMEs that might have paid the Author a decent wage. And by the way, we are the ones supporting those disgusting foreign e-commerce and social media giants which pay no taxes here, and kill off local businesses, so we can get some small savings here and there.//

    aiyoh. never to worry. the white idiots are all vision-minded and plan for at least 100-to-99999 long-term years ahead ??? open-leg policy of 6.9m or 10m is planned so that SMEs have better options right ???

    and open-leg policy is meant to replace /take care of the aging population right ??? as though the planned population increase now is not going to age in the future hence needing even greater number to take care of even more aged (in the context of 6.9m or 10m) going by the white monkey idiotic logic ???

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  • Simon, don't be a cock:

    Jman:
    The economy is really no good.

    The internet has killed a lot of SMEs that might have paid the Author a decent wage. And by the way, we are the ones supporting those disgusting foreign e-commerce and social media giants which pay no taxes here, and kill off local businesses, so we can get some small savings here and there.

    We have to ask ourselves – who is to blame for all this? It is partly the fault of useless Politicians, here and abroad, for coasting along as Big Tech sucks the life out of everyone and many countries. But it is also our collective fault as we are the ones supporting disgusting Big Tech.

    While it is partly right to rant at the Govt, we also have to look at ourselves in the mirror. We have a hand in this.

    You got your theory wrong.

    Market mechanism means every living Lj and every living Cb buys sells does as it is beneficial to him or her. For the market to work, it needs all the hands to behave as they wish.

    When enough of such takes place, there is a market. And the market has it rules governing ins and outs.

    But when pap disrupts the market via cheap cheaper cheapest ceca ah nehs and fake degreed pinoy pinays that is when the market breaks down hurting those who cannot move to another market such as the author.

    You truly have got it all wrong.

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