Breaking out from the cycle of cheap labor and low productivity (Part 2)
Professor Lim has responded to criticism of his "shock therapy" proposal [Link]: "Speaking of free markets, I hope Minister Lee Yi Shyan does not get the cattle market or the fish market mixed up with the labour market, which deals with human beings." - Professor Lim Chong Yah For a population that is fairly literate in economics,...
Letter to HDB: Problems in your new Electronic Parking System
Leong Sze Hian More HDB carparks are being converted to the Electronic Parking System. However, the new system causes problems in single gantry carparks when the hourly parking spaces are full – the barrier does not open, and this results in a traffic jam. This is because motorists seeking season parking spaces are...
CBF is better
The shock therapy of Lim Chong Yah is facing immediate resistance. It is flawed in many ways. In the first place it was not a sought after advice. Nobody asks for it. So it looks like a ‘keh khian’ or smart alec type of proposal. The saying in paradise is to be smart but don’t act too smart. And do not give advice...
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