Archive for the ‘Economy’ Category
Automation will make work easier and still keep many workers employed

Automation will make work easier and still keep many workers employed

There is a big risk that automation will make more people lose their jobs. This risk can be mitigated, but it require an enlightened government. What do I mean? 1. Automation can make the work easier for people, but it does not need to replace the worker entirely. For example, a self driving bus can remove the tedious work of... 

1.3 Trillion Reserves?

1.3 Trillion Reserves?

(CNA, Aug 28) “The Government will take steps to strengthen its revenue position like raising the Goods and Services Tax (GST), but it will “carefully monitor” the timing of such moves by considering the state of the economy and spending needs” (BT, Nov 2, 2018) As to “GIC, the world’s eighth biggest sovereign... 

445,536 lower-income workers’ incomes decline more than 50%

445,536 lower-income workers’ incomes decline more than 50%

“Workers aged 35 to 44 and lower-income earners hit hardest by pay cuts due to Covid-19: DBS report” (ST, Aug 18) – “More than a quarter of these workers have seen their incomes decline in recent months. Among them, more than half (56%) saw their incomes plunge by more than 30%” As there are 551,800... 



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