Originally posted by oxford mushroom:
That is why we have to move to higher value services. The Indians
and the Chinese can make clothes cheaper than we can, so we abandon
the textile industry and make disk drives. The Thais and the
Malaysians can make disk drives cheaper than we can, we abandon
disk drives for wafer fabs. The Vietnames are now constructing
wafer fabs, so we must start moving again to make pharmaceutical
products instead.
We must produce more financial professionals to compete with
Luxembourg and London. We must increasingly move into R&D as we
abandon our manufacturing industries. Whilst the Indians provide
cheap call centres, we must provide quality healthcare at a lower
price for European and American patients.
The opportunities are out there. Those who can take advantage of
the newly created jobs from globalisation will see their salaries
rise, those who cannot adapt will be caught in a downward spiral of
diminishing salaries due to competition from cheaper
economies.
i understand what you are driving at. but as govt is pushing for
more foreign investment for singapore and training singaporean for
this jobs.
what has they been doing to prevent the ever rising cost of living,
ever stagnant pay for the bottom 40% of singaporeans?
why must we pay hunreds thousands of dollars of a HDB flats, that
singaporeans need a lifetime to pay them off. why are we increasing
GST when the general 50% of singaporeans salary are hardly
increase. where the only beneficiries are the minister themselves.
the govt GST offset package for the poor if im not wrong are only
for 5 years. what happen after that to the poor.
i dont give a shit about middle upper and higher class ppl in
singapore. i fact i think govy are not doing enough to make them
pay more taxes. well, they in the elite class i guess.