Job Credit Scheme Debate and ST
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This link from TOC is the speech by Low Thia Khiang of Workers Party in parliament.
http://theonlinecitizen.com/2009/02/mp-rasised-questions-on-effectiveness-of-job-credit-scheme/
Click on Part 1 and 3. Part 1 is about his doubts on the JCS and Part 3 is his one man show debate with a few MPs, including NTUC chief, Lim Swee Say. Contrast the open mind of LTK with those of one tracked mind MPs, whose stances are so often Choice no. 1 or 2....nothing out of the box.
Today's ST published many pictures and articles of Lim Swee Say waxing lyrical on the JCS. LTK's picture is nowhere to be found. I find that now the problem with our govt is that once they have devised a plan for Singaporeans....they will defend it to the end. But Qn is....does it really benefit Singaporeans?? There's some imbalance about the way ST highlights the PAP's views and LTK's views. This is why our society is in regression all the time and typical of the govt's approach and ie...suppressing the negative views to push forward their policies, instead of putting it out for open debate to generate more new ideas.
I wouldn't say JCS is ineffective but the problem is....they also put money into profitable companies who have no plans to retrench. LTK suggested that the govt should transfer the funds for JCS into CPF contributions from employers. This would benefit all Singaporeans directly and lessen the wage burden of all employers.
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Like I said before, the Job Credit Scheme has ZERO effect in preventing retrenchment from rational employers. It just boost the profit figures for companies.
Pay them so much, yet they come up with sub-standard policies to help Singaporeans.
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Hello m13, glad to see you. I have been out of touch with sgforums for a while. Any relevant links in this forum?
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Actually the dictator created a topic and made it sticky on Speakers' Corner.
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They pay out to companies who hire Singaporeans
Many GLCs will benefit from the payout since they won't be retrenching many in the first place.
Net result: GLC get rise in profits, or reduced loss
Hey PRESTO!
GIC and Temasek Holdings will then perform better in their investments in these GLCs!Finally, give themselves a good pat on their back for having good investments, then increase salary.
Repeat process
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continue in sticky on budget speech