The booming of singapore business is not just because of good
managment, good infrastructure and good investment. The main reason
is accessible to cheap labour, let me give you a simple SME pub
example.
Formerly, i need to employ perm 12 staffs, 8 sgs, 4 malaysians,
and the highest, i have to pay him $7k to run the show with other
perks, altogether, my total cost of labour (all inclusive with
bonuses and other levy cost) is on average 60k per month.
And this amount increases every year, then Govt open up the gate
for foreign entry, Maniam, subrata, raja, with philippino like
John, Marcelo, Alice, Felicia, and with PRC like zheng tong, xiao
ling, Qui Mei..
I only use 25k per month on average, that alone save me few
hundred thousands per year, cheap young and energetic, keep
working, no good, send back, get another one who is alway ready to
enter. I do not even need to give bonuses, or extensive leaves. It
is all base on contract, and paid will only increase only renewer
of contract every 2 years, and as time goes by, I can save
millions.
So, we open more pubs down duxton and club st and employ more
cheap peoples, now you see the picture, without cheap labour,
singapore can never be what it is today.
This what happen when you measure a country success with GDP
instead of GNP lor.
