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Raise productivity to raise wages: PM Lee

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  • winsomeea's Avatar
    2,318 posts since Sep '11
    •  

      Raise productivity to raise wages: PM Lee

      Yahoo! Newsroom
      By Fann Sim | Yahoo! Newsroom – Mon, Apr 30, 2012

      • View Photo

        Raising productivity can help improve wages and living standards, says PM Lee in his MayDay speech. (Yahoo! file photo)

      Raising productivity is more important than ever in Singapore's maturing economy as it faces land and manpower limits, said Prime Minister Lee Hsien Loong on Monday.

      In his May Day message, PM Lee said the government has been moderating the inflow of foreign workers. By having a tighter grip on foreign workers, wages will be pushed up in the short term. However, this may hold back many companies that are eager to expand but cannot find enough workers.

      He warned that it is "dangerous to assume complacently that wages can continue to rise indefinitely, just by our squeezing on foreign workers."

      "Higher wages push up business costs, affect our competitiveness, and may cause higher inflation," he said.

      Instead, Singaporeans can raise their productivity to sustain better wages and higher real living standards said PM Lee. 

      "Raising our productivity will benefit workers, firms, and our economy as a whole. Workers can earn more in higher-quality jobs. Firms can prosper and 
      expand their businesses here," he said.

      For that to happen, the tripartite partners -- Government, employers, workers -- must work together to support the transformation. 

      Every worker, he said, can take advantage of the Continuous Education and Training (CET) by the government. Companies should look beyond short-term profits to build successful businesses for the long-term, together with their employees and the broader community. 

      "Workers should also be encouraged to support sound national policies that benefit them in the long run, so that we can work together as a nation to serve 
      the best interests of Singaporeans," he said. 

      Unions must also work hard to organise workers and the growing number of Professionals, Managers, Executives and Technicians (PMETs) to help prepare for uncertain environment in the future. By raising productivity, he said, the Singapore economy can continue to thrive despite more intense global competition.

      "Looking ahead, we must prepare for a more challenging economic environment. Globalisation has shortened economic cycles. Ups and downs happen much faster, and with less warning. Outlooks are less predictable. Every country is more exposed to global competition, and Singapore more than most," he said.

      ((((((((((((

      Read comments :      http://sg.news.yahoo.com/raise-productivity-to-raise-wages--pm-lee.html

       

      Edited by winsomeea 02 May `12, 9:20PM
    • Ummm  . . . . . .     lalalalalala   !!!!      biggrin.png   icon_question.gif

      ______________________________________________

      Repost: 

      Average S’poreans won’t feel effects of high inflation: Tharman

      Yahoo! Newsroom

      By Chua Yini | Yahoo! Newsroom – Mon, Apr 30, 2012

      • Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said the high inflation rate does not reflect the reality for average Singaporeans. (AFP file photo)

      The high inflation rate does not reflect the reality for average Singaporeans, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam

      Speaking at the May Day dinner on Sunday, Tharman said that, while the Consumer Price Index (CPI) rose by about 5.2 per cent in March in this year from the same month last year, “it does not mean that the average Singaporean will feel this high inflation”. 

      He explained that people who already own homes and are not buying new cars are not affected, because more than half of the inflation is due to higher cost of new car ownership and higher housing rents.

      Tharman added that the increase in prices for daily necessities and essential services, such as food, clothing and education, has been “much more moderate”, at 3 per cent or lower. 

      Therefore, the inflation in actual household expenditures for most Singaporeans is lower than  5 per cent, he pointed out.

      Nevertheless, he said the government is taking steps to tame inflation and is closely monitoring the situation, he said. 

      For example, the Monetary Authority of Singapore (MAS) has been gradually strengthening the value of the Singapore dollar to reduce the impact of imported inflation. 

      In addition, the government is providing some help for lower-income Singaporean households to cope with the rising cost of living, added Tharman, citing the recently introduced goods and services tax (GST) vouchers.

      However, he said Singapore can expect more cost pressures as business wages rise amid the tight labour market.

      “There will be pressure on consumer prices this year and the next few years,” he said.

       

      Read comments:    http://sg.news.yahoo.com/average-s%E2%80%99poreans-won%E2%80%99t-feel-effects-of-high-inflation--tharman-.html

      Edited by winsomeea 06 May `12, 1:54PM
  • charlize's Avatar
    31,782 posts since Mar '05
  • the Bear's Avatar
    149,694 posts since Feb '01
    • think about this...

      they have more and more idiots in parliament.. each minister got dunno what MOS, 2nd minister and whatever (dunno for what.. the main ministers are not competent enough to do their work?)

      for doing less and less, they get paid more and more?

      in other words, they are lowering productivity and receiving more?

      basically, the scumbags are telling us to do what they say and not do what they do...

  • charlize's Avatar
    31,782 posts since Mar '05
    • I find it strange that when they benchmarked their salaries to private sector pay, they did not mention productivity even once. icon_lol.gif

  • winsomeea's Avatar
    2,318 posts since Sep '11
    • Its a global joke that the highest paid PM in the whole world has many in his office to do his job.    Shake legs and laughing himself to the bank every month and counting all he earns.  Looks down at singaporeans and talk rod.

      Damn!     

  • Clivebenss's Avatar
    20,592 posts since Feb '10
  • Fcukpap's Avatar
    7,295 posts since Dec '09
  • Lazybumy's Avatar
    328 posts since Jun '08
    • I think he miss the most important point on his speech. “This only apply to Lesser Mortals only”

  • Dalforce 1941's Avatar
    2,185 posts since Dec '11
    •  

      Raise productivity to raise wages: PM Lee

      Completely shameless words from Lee Hsien Loong! icon_lol.gif

      The guy who pays himself the highest salary as PM in the entire world has no right to talk about linkage of productivity to wage increase.

       

      Edited by Dalforce 1941 02 May `12, 10:58PM
  • winsomeea's Avatar
    2,318 posts since Sep '11
    • Originally posted by Dalforce 1941:

       

      Completely shameless words from Lee Hsien Loong! icon_lol.gif

      The guy who pays himself the highest salary as PM in the entire world has no right to talk about linkage of productivity to wage increase.

       

      In history , he is the lowest or no productivity PM.   Shame on him!     White White gets salary, this is literally translated from Chinese.   In Chinese:    bai bai na xin shui!   

      No shame, Lee Hsien Loong!    Should change his name to Lee Hsien Tao!   icon_lol.gif

      Indeed, empty vessle makes the most noise.     teeth.png

  • lce's Avatar
    2,464 posts since Jun '11
    • perhaps the education ministry should look at the education system

      no more I m No. 1 among the peers

      is sinkapore still among the 4 tigers of Asia?

       

      Edited by lce 03 May `12, 10:08AM
  • mancha's Avatar
    8,961 posts since Sep '04
    • Casino one year old already? Only two here and making nearly as much as all of Las Vegas casinos.

  • winsomeea's Avatar
    2,318 posts since Sep '11
    • Originally posted by mancha:

      Casino one year old already? Only two here and making nearly as much as all of Las Vegas casinos.

      Look who're the ones "leading" sinkingpore, the hakkas.    Hakkas are typically known as scheming, cunning to profiteering.   MONEY, money, more money and more and more . . . . . . . . . . .

      Is Singapopre the only country in the world to get the locals to pay entrance fee to go casino?

  • mancha's Avatar
    8,961 posts since Sep '04
    • I think if Singapore don't get the local pay to enter the Casinos, the casinos here would have beaten Las Vegas.

      If the Americans did as Singapore did, their casinos in Las Vegas and Atlanta would all go bust.icon_lol.gif

  • foolsh_2000's Avatar
    1,992 posts since Nov '11
    • raising productivity,has it got anything to do with pay?will the boss increase ur pay?what about all those millions of FTs and foreign workers,no need to increase productivity?the main excuse is govt. unwilling to implement minimum wage and stop inflow of foreign workers! 

  • Dalforce 1941's Avatar
    2,185 posts since Dec '11
    • Originally posted by winsomeea:

      Look who're the ones "leading" sinkingpore, the hakkas.    Hakkas are typically known as scheming, cunning to profiteering.   MONEY, money, more money and more and more . . . . . . . . . . .

      Singapore is controlled by peranakans like Lee Kuan Yew, Lee Hsien Loong, Tony Tan, Goh Keng Swee, Toh Chin Chye, Lim Kim San and others.

      Singapore is not controlled by hakkas.

      Singapore is not controlled by dialect speaking chinese, malay or indians, Singapore is controlled by peranakans.

      Edited by Dalforce 1941 03 May `12, 3:34PM
  • Clivebenss's Avatar
    20,592 posts since Feb '10
  • βέτά's Avatar
    2,497 posts since Jan '10
  • winsomeea's Avatar
    2,318 posts since Sep '11
    • Originally posted by Clivebenss:

      Sg control by mee siam mai hum.

      icon_lol.gif

      mee siam mai hum very special.    No appraisal and keep getting highest salary, something wrong some where.

    • Originally posted by βέτά:

       

      To raise productivity, just slash the top management's pay by half. icon_lol.gif

       

       

      Forget about slashing salary of the top management, just sack them.    Anyone cannot deliver what they promise , not performing should be sacked.

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