Is it Fiduciary Suicide to Give Out Our Hard Earned Reserves to Profitable Firms such as Citibank?
It was reported that a sum of $35 million provided as wage subsidies to 32 commercial firms had been returned to the government. Apparently, these companies do not need money from our reserves. Another 29 companies also reported that they do not wish to receive further wage subsidies. No amount has been stated or how much they...
Continue using foreign migrant workers
As expected, employers are pleading their cases to continue using foreign migrant workers. The reasons they cite are the usual scare tactics: loss of competitiveness if we do away with cheaper migrant workers, can’t find locals who want to do these dirty and dangerous jobs, longer completion time of projects, etc. All these...
Why paying Singaporeans a higher wage in construction jobs is good for Singapore
For the longest time, there was a myth that we need cheap unskilled or semi-skilled labor from foreigners because locals don't want to work in construction. Now that Covid-19 has induced massive unemployment, there is no better time to attract locals into the Construction Industry with respectable jobs and pay. How low is Singapore's...
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