Originally posted by oxford mushroom:
I am disappointed with this statement from the government.
I agree that it may be a little premature to completely restore CPF
cuts. As the recent downturn on the stock market shows, there are
latent concerns about the huge budget deficits in the US and the
health of its economy.
However, [b]the economy has turned for the better as the
government has said many times before the elections. It is time for
a small restoration of CPF cuts, even though it may not be wise to
restore completely at this time.
It may be just a symbolic gesture, but nevertheless an important
one to demonstrate that the government is prepared to give back
when things turn for the better.
How else can the government expect the people to be on their side
when they need to cut wages again in future? [/b]
The better depends on the sector
The retail sector is shrinking
Instead of the rate first, restore the max cap to the old days
gradually 1st... From $4500 to $6000 in $500 increment per qtr
