Escalating cost of living

last SG · 2009-08-29T21:36:03+00:00

Those 1 room flats rented out to poor folks are a cost center, don't think they so free to give out more money to the poor, remember they are a profit cente...

Fryderyk HPH SG

The pappies won't allow it.

Den dey say to curb that Sillyporeans need a team of people who can "well-manage" Sillypore's investments to ensure economic growth or some or stupid logic

I-like-flings(m) SG

i post my view so what? u dare to quote my nick in ur report?

T.Ryousuke SG

Singaporean is very submissive.

seyKai SG

10% of the ppl own 90% of the world wealth and 90% of the ppl are struggling to have their hands on the remaining 10%

so with bigger population, wat would be your chances? I would say most of the ppl in the world are in debt.

forum-er SG

USA owes the largest amount of debt, just check out its debt clock.

angel7030 SG

sure, they are the creator of debts, they created credits cards, banks, loan financial institution and many other way of going into debts, one thing that they like to borrow so much is because their bankruptcy system is very lax compare to other countries, after 7 years of declaration of bankruptcy, they are no more bankrupt and goes loan free.

So they go into borrowing, spend other people money, especially from Asians investor,..then they make the bank bust, and they dun have to pay back.

angel7030 SG

i think Its like this, Costs are rising and will continue to rise because govt is importing more foreigners from 4.8 million to 6 million people as more people are competing over the same resources.

govt is doing so much importing of ft because more people here = more spending = higher gdp figures = keep their pay. So this can be a worrying sign as govt is resorting to sheer quantity of people to help boost gdp figures.. Just my 2 cents i could be wrong

u r wrong, keep your 2 cents on my piggy back. The more people, the cheaper the goods, that is economy of Scale ya.

When we face a price upsurging condition, most likely is that the demanding is higher than the supply. So you import more than export, and when you import more, you loose more and have to jack up the prices of goods just to make profit. Therefore prices went up. And we will be poorer because if you import more than export the GDP will be in negative side. Therefore the govt now have to look at the prices and study more way for exporting

Stevenson101 SG

u r wrong, keep your 2 cents on my piggy back. The more people, the cheaper the goods, that is economy of Scale ya.

...This logic doesn't seemed to mesh well with the concept of finite resources.

ulquiorra87 SG

u r wrong, keep your 2 cents on my piggy back. The more people, the cheaper the goods, that is economy of Scale ya.

Instead of finding more ways to export doesnt it make sense to find ways to not be reliant on exporting especially when the 2 superpowers are unreliable countries to export to? - America: going to fall soon - China: can produce more cheaply than SG. More people to spend on domestic produce reduces SG's vulnerability on export

Also, your 'economy of scale' and 'import-more-than-export' logic makes no sense and are contradictory did you notice

angel7030 SG

Also, your 'economy of scale' and 'import-more-than-export' logic makes no sense and are contradictory did you notice

Bear in mind that we have no natural resources, thru all these years since our industrialisation, we are a export driven economy, very much still depend on FDI or so call MNCs. Our own domestic market is the smallest in the world, generating low products such as pencil, washing foams shoes, shirt etc or even foods is no more competitive as others can easily follow up, we needs to advance constantly for higher end product such as financial, services, computers, bio science, pharmacy, medical products or some high tech electronics parts etc etc. In another words, we need to be knowledgeable, the know how and why knowledge to shift ourselves from a knowledge economy to intelligent economy. China and America is needed because of it big market, selling one pencil in singapore among our 0.5 million students is nothing compare to selling 50 millions in china ya.

Economy of scale come in as more peoples start to buy a product, the business will first increase it price till it meet another competitor who is selling the same product, and more so with more competitor. Just like selling chicken rice, the more sellers in your hawker centres the more cheaper it is, and cheaper does not mean the lower of prices, more meat and rice can also mean lowering of price.There are two types of goods, one is the essential goods, the salt, meat, coffee, rice, washing powder etc etc that you need to use daily and is a must, the other is the higher end goods which if you got money you go for it.

deepak.c SG

Long term consumption of alcohol leads to permanent brain damage.

noahnoah SG

Actually things in SG not really that expensive

esp for cai png~ Less then 3 dollars~~ still ok

If u make a trip down to Aust cities ~

one chicken rice will cost 12 bucks~

of coure then again, sg pay also pretty low~

so when order cai png~ try to chose all vega

or one meat and one vega yap

Keith1987 SG

guess 10 years down e road... a mac meal will really cost 10bucks... OUCH!!!

angel7030 SG

i wonder if MacDonald can last for another 10 years in with so many PRC eating porridge and xiao long pao

GHoST_18 SG

i think fast food is a good benchmark

angel7030 SG

i think fast food is a good benchmark

i think ice cream is also good bench marks, last time a tumbler of Haagan Diaz or Ben and Jerry only $9 to $10, that was about 1 1/2 years ago, now i see $14..omg, an increase of ....so be smart, i change to eat Kings, one big tumbler of 3 litre only $6..eat until fat fat..

I like to point out that cost of living must also factor in one own habit of spending, if you go for high end stuff like Macdonald (which is both a fast and fat food) or imported high class goods, your cost of living will go up faster than those eating at hawker centre, just like chicken rice, my side here sell from $3 per plate to only $1.50 because of competition. $1.50 tho not much, but it is very fast, non excessive eating and also nutritious, in comparing to $7 dollars MacDonald set..with all those soft drinks and burgers,..no wonder most guys are fatty

Arapahoe SG

make your own ice cream no price increase....

angel7030 SG

make your own ice cream no price increase....

i made before in my home economic class, but it melt before i can taste it..damn

automator SG

i wonder if MacDonald can last for another 10 years in with so many PRC eating porridge and xiao long pao

I wonder if angel7030 can work as a whore for another 1 year anot with so many PRC whores offering cheap rates

noahnoah SG

To stimulate the growth~

ALL and everyone must spent!!

Spent on anything u can!!!

If dun spent~ the market will be dead

then we all suffer lor

IT is better for a few to be dead then then all

of us mati right

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