The art of exploiting a collapsing ‘business’
When you run a business which is almost close to collapse and when exposed for fraud spells the end of your control, what do you do? First, you ignore all the feedback that affects the workers about their daily lives and suppress their wages as much as possible despite the increase in costs of preparing for work in basics like...
A change in the economic policy goal? Too little too late?
At a dialogue session organised by the Economic Strategies Committee (ESC) yesterday, Finance Minister Tharman Shanmugaratnam claimed that one of the targets of the ESC is to increase the median wages of Singapore worker by one-third from $2,400 today to an inflation-adjusted $3,100 in year 2010. This represents an average real...
Should marginalization be encouraged for GDP growth?
In the past, the minorities in Singapore often feels marginalized as companies often seek job candidates who are ‘Bilingual’ which, in Singapore, is a colloquial term for ‘Chinese-Speaking’. The suspicion they had about Companies employing based on racial profile have always been dismissed by the ruling party and the...
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