Another thing
Advertisment revenue account for almost 60% of SBS's
profit
More importantly.
Do you understand that the employment of China bus drivers
will increase the income gap between the rich and the poor
further?
Let's say Singapore is an economy of 100 citizens.
Say the economy is fully employed, all 100 citizens have
jobs,
then one day 5 citizens decided to resign from their clerical
positions
and 5 citizens decided to resign from their jobs as "bus
captains".
The 5 bus drivers want to take up clerical positions, the 5
clerical
officers want to remain in clerical line (just not in their
previous company),
nobody wants to go into bus driving they feel that the pay is
too low.
The bus company decides to outsource to China because manpower
is cheaper,
ends up employing 5 bus drivers from China.
Then the 5 clerical positions that was vacant will be competed
by 10 citizens.
Each of the 10 try to price themselves lower than the other
so they can
gain employment.
Ultimately, the lower income earners end up with lower pay.
Therefore increasing the income gap (Gini
Coefficient) further.