Friday, May 05, 2017

TOTD: May Day Lunch Box Economics

Thought of the Day - Lunch Box Economics

The Prime Minister's Stealing Advice

It is shocking to hear our Prime Minister trying to lecture our workers on how we should “steal other people's lunch boxes” in this year May Day celebration.

There are a few issues here:

1) To many Singaporeans who have lost their jobs to some cheap foreign substitutes, all thanks to PAP’s FT policy which encourages and allows millions of foreign labour to come to Singapore and work under the guise of job creation for Singaporeans, this is a totally ironic statement that needs cynical mocking! PAP government is the one who helps Foreigners to “Steal” our lunch boxes right at our doorstep and yet the PM has the cheek to tell us go and steal othet people's lunch boxes? That's basically shameless!

2) PAP government has basically stolen part of our workers’ lunch boxes recently, practically reducing the size of our lunch boxes by increasing Water Fee by 30%, Electricity tarriff, cooking gas and we expect more to come。。。 maybe GST or public transport fares. Can PAP stop stealing our luncheon meat from our lunch boxes?

3) In all international free trade agreement negotiation, all countries will try very hard to protect their own citizens’ lunch boxes but only PAP would sell our workers out by agreeing UNLIMITED foreign labour to come to this tiny red dot to steal Singaporeans’ lunch boxes! Oh while talking about this, I wonder how PAP and PM are going to negotiate more favorable FTA terms when other countries will now be extremely wary about PAP‘s intention of stealing their citizens’ jobs!?

4) Most probably our PM has run out of ideas in ensuring our own citizens can have meaningful well paying jobs insteas of facing rising unemployment rate. Lim Swee Say could actually say that jobs are not lacking but it is Singaporeans who do not have the skils! Hey, Singapore is a First World Country with best universities, tertiary institutions and education system in this part of the world! Many people from surrounding third world developing countries yearn to study in our schools! How could our education system unable to provide the necessary knowledge and skills for Singaporeans to get decent paying jobs while foreigners from third world countries could have those skills instead? He is basically insulting our intelligence!

5) The economic theory of Free Trade and Globalization isn't based n stealing other people's lunch boxes. If that is the case, no country would want to open up trade. The fundamental Free Trade is not based on competitive advantage but rather comparative advantage. It strives to provide win win situation instead of cannibalism if lunch boxes from others. Maybe our PM and the whole cabinet of million dollar ministers should go back to school learn basic economics fundamental





The Incoherent Excuses


First, it was Minister Lim Swee Say who said there is no lack of jobs in Singapore but it is Singaporeans "lack of skills" to take up these jobs.

Then we have Minister Ong Ye Kang who said Singapore capped the number of Singaporeans studying in local universities at 30%!

Now, it seems that the left hand does not know what the right hand is doing! If PAP is to cap the number of Singaporeans from obtaining the highest learning of knowledge and skills at 30%, no wonder we are lack of "skills" while we have to import so many Degree Holders (some with dubious certificates) from Third World Countries!

Job Reality on the Ground

We seemingly have a bunch of ministers who have totally lost touch of the ground. On one hand the Ministers think by capping the number of Singaporeans going to local Universities could prevent more Singaporeans from being unemployed graduates, thinking that by having more poly and ITE graduates with skills training, will make them more employable while the other Minister thinks that there are jobs but Singaporeans lack the skills...

If 70% of Singaporeans are already sent to poly and ITE, why are Singaporeans still lacking of skills?

The truth is, everyone who have education in Singapore should have acquired a certain skill sets and definitely so for university graduates.

The truth is, most of the time Singaporeans without a university degree will be scorned and salaries suppressed because employers will say "at this salary of xxx I can employ a FT with degree or even a master degree blah blah blah"....All thanks to PAP's extremely lax FT policy!

The Major Irony

Ironic... while PAP keeps talking about continuous Life long learning and upgrading, but in the end they want to restrict the number of people going to local Universities at 30%!

And PAP always lament Singapore does not have even "Talents" thus needs Foreign Talents from Third World countries but now we know it is PAP itself which deliberately restricts Singaporeans from grooming into Talents by depriving them a place in Universities via setting this limited quota!

Do you see the True Color of PAP yet?

Goh Meng Seng