GDP tight to wages, OMG, you must be joking, you tell me Uncle,
how is GDP calculated, I am a fair gal, if you do it right, 2
bottles of chivas no problem, but if you are taking GDP with wages,
i think you are far far off the mark.
I don't where or how you think that I said GDP tied to wages.
GDP shows a rough overview of country economy. In general, GDP also
give a rough idea on how much unemployment rate will exist in the
country, a high GDP will have a lower employment rate. However, the
existing minimum wages law increase the unemployment rate in all
the countries that have them but this law ensure the workers to
able to maintain a minimum standard of living.
In Singapore, there is no such law, due to the fact that
Singapore go for a free labour prospect, it is difficult to achieve
such law without causing more problems. However, such law is common
in all developed country but not in Singapore yet. Due to the lack
of this law, employment rate in Singapore is lower than other
countries, it is also due to lack of this law, employee can be less
paid and some even not been paid enough to meet the minimum
standard of living.
I think when I said I add another point, you seem to lost right
after. Seem like you only thought about GDP, and only GDP.
