Worker wanted more cash instead of CPF
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Originally posted by robertteh:So you see the government in proposing any higher cash take home pay from the CPF component of workers' pay may give employer another opportunity to shortchange the workers.
We cannot keep solving our economic problems by doing everything for employers. The employers have one hundred and one ways to reduce their costs and wages is only one portion of overall costs.
Many employers already have big power to terminate employees' service by contracts or witholding certain rights.
So don't keep passing laws or managing economy in one-sided manner. This time, if the government wants to give employees more take home pay from his CPF portion, government should make sure that this is done provided the gross pay is not reduced to benefit the employer again.
If government wants to help employers, it can help by lowering costs of doing business and not having so many pro-foreign investment policies and give them incentives to encourage employers to employ locals.
sorry for selectively quoting, actually I got no intention to employ foreigner labour or semi-skill foreigner worker.
Cannot spell it out here, cause going to offence a lot employers here. How many worker(s) going to get good wages when my competitors are using foreigner labourers which are taking at $22 per day or even highest $35 per day type..Without obtaining the contract will be equal to no job..you will see few more singaporean's families going to CDC and MTP sessions. Of course, few more unhealthy students asking for free breakfast.
If local verus local, I can be more confident of a better payout for my worker(s) but in real practise it can be only a dream while waiting to be true. Unless my competitors uncut to drive his merc which is very unlikely, because his worker will betray him after prolonged suffering.
Need no to benefit potential employer like me, I am more willing to pay them the 13% to bring home at current market situation instead of going into CPF.
Chinese saying "soldier no decently paid will never fight a winning battle" even you can be a big general leading the troop. -
If our leaders really understand our workers' needs and aspirations, they will know long long ago that they want more cash. From cash they can manage their life better with greater flexibility. It is not true that they will squander their cash more readily when they have more cash.Originally posted by king108: sorry for selectively quoting, actually I got no intention to employ foreigner labour or semi-skill foreigner worker.
Cannot spell it out here, cause going to offence a lot employers here. How many worker(s) going to get good wages when my competitors are using foreigner labourers which are taking at $22 per day or even highest $35 per day type..Without obtaining the contract will be equal to no job..you will see few more singaporean's families going to CDC and MTP sessions. Of course, few more unhealthy students asking for free breakfast.
If local verus local, I can be more confident of a better payout for my worker(s) but in real practise it can be only a dream while waiting to be true. Unless my competitors uncut to drive his merc which is very unlikely, because his worker will betray him after prolonged suffering.
Need no to benefit potential employer like me, I am more willing to pay them the 13% to bring home at current market situation instead of going into CPF.
Chinese saying "soldier no decently paid will never fight a winning battle" even you can be a big general leading the troop.
Ministers in charge have made some fundamentally wrong assumptions that it is necessary to enforce savings. Look at the state of CPF nestegg today, many people ended up losing their entire savings due to enforced saving scheme being finally incorrectly liberalised by none other than government ministers themselves resulting in most people losing them on shares, property etc.
With more cash at their disposal, economy has a better chance to do better. Cash will lead to greater private investments instead of being locked up.
People were unable to correct ministers' many past wrong assumptions because their views are often edited, censored or witheld from publication by the controlled press.
Here at this forum, I hope more people is able to come up with more correct view to put forward to the government - do not just conceive any scheme from one point of view whether for its own surpluses or employers' competitiveness.
So when you keep referring to employers having to compete for cheaper foreign workers in industries relying heavily on foreign workers, I am sorry to say that this kind of thinking is biased towards the employers and government and at the end we will end up not making government getting more tax revenues or the employers getting more competitive.
Some thinking in the past are always big-banner propaganda-type of thinking and not really good in improving our economic competitiveness.
India and China are now surging ahead for different reasons with each applying its own strength. It does not rely solely on making cheaper and cheaper products. India uses its niche very well in software engineering which open up whole industries to benefit workers and spin the economy.
China depends a lot of multi-cultural talented manufacturing to reach out to the world producing what the whole world needs. It is capable of making the whole new high-technology products within a short time.
Singapore is too control minded in everything is does. Its governemnt spells out a few policy assumptions and stick to them like glue.
So by over-emphasising on a very unchangeable policies of the past centred on pro-foreign investment incentivising, at the expense of building capabilities and entrepreneurship among its own domestic sector private economy, we are losing out in innovation and technology start-ups in many areas. -
Originally posted by robertteh: Don't say that..It's just like the HDB upgrading incident..the designer never realised that people will get old only.
I am definitely pro singaporean..which is one of the reason I don't drive merc because I know money can be used on other area better.
I can pay a local low wage $50 - $60 excluded employer CPF a day, but is that enough for him to survive? After deducting his CPF, he is only left with $40/-. Will he give his children a healthy childhood?
Don't blame the government. I don't think they are at fault. maybe point the finger to the designer(s) will be better option.
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Here in this statement you are saying what we all citizens can agree on as the most important pillar of citizenry - people are not necessarily anti-Singapore when they express disgust against government's inefficiencies and wrong policies often carried on without change for too many years.Originally posted by king108: Don't say that..It's just like the HDB upgrading incident..the designer never realised that people will get old only.
I am definitely pro singaporean..which is one of the reason I don't drive merc because I know money can be used on other area better.
I can pay a local low wage $50 - $60 excluded employer CPF a day, but is that enough for him to survive? After deducting his CPF, he is only left with $40/-. Will he give his children a healthy childhood?
Don't blame the government. I don't think they are at fault. maybe point the finger to the designer(s) will be better option. -
Originally posted by robertteh:Here in this statement you are saying what we all citizens can agree on as the most important pillar of citizenry - people are not necessarily anti-Singapore when they express disgust against government's inefficiencies and wrong policies often carried on without change for too many years.
A nation without the pillar of citizen can be called a nation? Then, why are we calling ourselves singaporean..and not malaysian.
I am not anti-government, why should I. Don't you know that government can change? so why must I be anti-government since I believed forgiving is more graceful then to bear "hatre".
I apologised if you had mistaken that I had express digust against efficients and right policies that government had introduced. I didn't..definitely.
I only pointed at the designer(s)..
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Originally posted by mistyblue:election is over. Sorry, are you saying ..anything also can talk now?
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lets tok 5 yrs later
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Originally posted by Wind6:lets tok 5 yrs later No problem for me..but I wondered will the low wage worker can wait or not.. Maybe can considered asking them to seek your help..you can?
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Aiyaa.. we can only talk so many c.ocks, and sing so many songs. In the end, will our government listen? Perhaps they only listen once every 5 years.
Only for a few days during the GE.
After that, it's back to their ways again.
Just tell me, how useful is CPF & the retirement funds??? -
the people have already voted. cannot wait also must wait!!Originally posted by king108: No problem for me..but I wondered will the low wage worker can wait or not.. Maybe can considered asking them to seek your help..you can? -
I wondered whether you contributed to CPF. I strongly agreed that it is useful, else I wouldn't be here talking to you. I will be running road and looking for S with 11 already. In this thread, I am talking on more cash taken back by the lower wage worker. I believed that they wanted to bring more cash back if their salary remained the same or with the little increment.
Hence, my question is that are they really bringing more cash back home? -
hi all,
Seems like the topic is kinda straying, but jus offering my 2 cents, pls dun flame me.
CPF works as a mandatory form of savings, initially planned for retirement purpose. Noble target, but mismanaged in my opinion.
As opposed to being able to withdraw your "retirement funds" there is a mandatory minimal amount required prior to withdraw (anyone can ascertain this?) This is totally contradictory to its original intention of retirement funds right?
The last I remembered the minimal sum is S$100,000. Lets face it, how many of us are able to have that surplus in our account by the time we retire at the 20/13% ruling we have currently?
The monthly CPF does have its pros as well. Its good to use for your monthly housing mortage, apart from that, I seriously do not see much benefits in that system.
Plus if you plan to migrate, you will still not be able to withdraw your CPF money, kinda dumb if you ask me. But as some of us have mentioned, elections is over and pls do not flame the government or complain cos its OUR choice that they are placed there to implement all these mandates. In HOPE of making Singapore a better place to live in.
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suck thumb n squeeze ball n wait lor
if we buy hdb flats shld deplete more or less our cpf liao -
I am seeing HDB into the picture.. I respected those who brought expensive HDB house..so if you have brought one. I respected you.
Don't need to respect me because I buy only cheap HDB flat..no good..don't buy..buy the expensive one.
I really respect you all. -
the basic sum is $120k.Originally posted by Senna:hi all,
Seems like the topic is kinda straying, but jus offering my 2 cents, pls dun flame me.
CPF works as a mandatory form of savings, initially planned for retirement purpose. Noble target, but mismanaged in my opinion.
As opposed to being able to withdraw your "retirement funds" there is a mandatory minimal amount required prior to withdraw (anyone can ascertain this?) This is totally contradictory to its original intention of retirement funds right?
The last I remembered the minimal sum is S$100,000. Lets face it, how many of us are able to have that surplus in our account by the time we retire at the 20/13% ruling we have currently?
The monthly CPF does have its pros as well. Its good to use for your monthly housing mortage, apart from that, I seriously do not see much benefits in that system.
Plus if you plan to migrate, you will still not be able to withdraw your CPF money, kinda dumb if you ask me. But as some of us have mentioned, elections is over and pls do not flame the government or complain cos its OUR choice that they are placed there to implement all these mandates. In HOPE of making Singapore a better place to live in. -
nobody owes us a living...you want to take more money out of medisave, more cash in hand and what will you do when you retire?
Our workers are already paid more than those in many other countries and our productivity isn't all that great either. Accept a lower standard of living, upgrade your skills for a better job or emigrate to a cheaper third world country lor -
[quote]Originally posted by oxford mushroom:
[b]nobody owes us a living
with just this phrase we need not post anymore.
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Without CPF alot of Singaporeans will not even have a cent for retirementOriginally posted by ShutterBug:Aiyaa.. we can only talk so many c.ocks, and sing so many songs. In the end, will our government listen? Perhaps they only listen once every 5 years.
Only for a few days during the GE.
After that, it's back to their ways again.
Just tell me, how useful is CPF & the retirement funds??? -
there is no way to prove this statement.Originally posted by oxford mushroom:Without CPF alot of Singaporeans will not even have a cent for retirement
hongkongers and taiwanese take the full salary home. they do not have cpf too. do all hongkongers and taiwanese end up without a single cent at retirement? -
Yah right, lower standard of living, but with high costs!Originally posted by oxford mushroom:nobody owes us a living...you want to take more money out of medisave, more cash in hand and what will you do when you retire?
Our workers are already paid more than those in many other countries and our productivity isn't all that great either. Accept a lower standard of living, upgrade your skills for a better job or emigrate to a cheaper third world country lor
Wonder how does this balance up?
You try upgrading yourself around 50 and above - see how you feel.
Not EVERYONE wants to be an egg-head like LKY. Unless you are one like him who believes in turning this into a country of ELITES! -
Correct, NOBODY owes us a living.Originally posted by dragg:[quote]Originally posted by oxford mushroom:
[b]nobody owes us a living
with just this phrase we need not post anymore.
BUT, a team of bodies owes us ways to make a living or at least a less costlier place to live in!! -
true. coz we indirectly agree to pay them 100k a month.Originally posted by ShutterBug:Correct, NOBODY owes us a living.
BUT, a team of bodies owes us ways to make a living or at least a less costlier place to live in!! -
Sorry for the interruption, but put it fairly. Singapore is an open market, if you think you can make the money legally..I doubt anyone can stopped you. I am no so capable so I respected anyone that it able to earn that amount.
I will also respect all if you can earn a decent living rightfully. Don't stop people when you are not able to get it. It's only sounded like sour grapes.. -
Have you every heard of an Honest Business??Originally posted by king108: Sorry for the interruption, but put it fairly. Singapore is an open market, if you think you can make the money legally..I doubt anyone can stopped you. I am no so capable so I respected anyone that it able to earn that amount.
I will also respect all if you can earn a decent living rightfully. Don't stop people when you are not able to get it. It's only sounded like sour grapes..
I have NEVER.
Has there ever been Honest Politics? It never existed. -
A friend once told me when I started business years ago; "If you are too honest, you will not make any money."
To this day, I've been a very successful liar.
I need to survive - THIS, is an honest endevour.