No alternative to raising productivity, says Tharman

last SG · 2012-04-16T20:49:33+00:00

There are always alternatives. PAP cannot find alternatives then Singaporeans should get rid of PAP and let others do the job.There are always alternatives....

charlize SG

Other forums commented that when they raised their own salaries, not one of them spoke against the raise or talked about productivity.

Go figure.

SBS2601D SG

actually, i wonder about this "raising productivity" thing in terms of the economy..

so... theoretically, one person produces enough for one person's consumption.. all and good...

increase in productivity means that one person now produces enough for maybe two person's consumption...

which allows for the corporations to retrench or fire one of the workers since the demand for products remain the same... unless each person is forced to consume more...

so begins the insane cycle of producing more and consuming more in order to increase the "economy"

What Tharman expounds is the classical economic view.

Some of the New Keynesians believe that team-synergy is important.

Laziness spreads as we know it, and paying workers for their individual productivity neglects the fact that team synergy is very important as well.

So they believe that premium is / can be imposed on wages to encourage workers to stay longer, gain experience, and work better with the team.

Of course the theory says also that you get involuntary unemployment, which is of course a blemish from cheng hu's POV.

Realistically, what Tharman says is right. Only that, you can disagree on the "no alternative" part. You can argue that we can just shrivel and die and beg M'sia to take us back in as an alternative.

I kid you not.

So much for an FDI-led strategy.

charlize SG

Issue here is also about society in general.

Cannot have too wide an income gap.

Fcukpap SG

Sustainability Theory of Wages – by Fcukpap

As productivity and wages are involuntarily affected by multiple factors from investments, bargaining and purchasing power, government spending to human capital, it is dependent on the stages of economic development as well as global market competitiveness and changes; which short term solutions of minimal wage incentives and compensation are not capable to sustain the accelerating growth of market and future developments.

the Bear SG

What Tharman expounds is the classical economic view.

Some of the New Keynesians believe that team-synergy is important.

Laziness spreads as we know it, and paying workers for their individual productivity neglects the fact that team synergy is very important as well.

So they believe that premium is / can be imposed on wages to encourage workers to stay longer, gain experience, and work better with the team.

Of course the theory says also that you get involuntary unemployment, which is of course a blemish from cheng hu's POV.

Realistically, what Tharman says is right. Only that, you can disagree on the "no alternative" part. You can argue that we can just shrivel and die and beg M'sia to take us back in as an alternative.

I kid you not.

So much for an FDI-led strategy.

we can follow this. and still die eventually.. because it is a death spiral anyway...

we really need to find an alternative instead of just taking this all up the ass

SBS2601D SG

we can follow this. and still die eventually.. because it is a death spiral anyway...

we really need to find an alternative instead of just taking this all up the ass

Really, it begs the question of whether we are willing to take little or no growth at all if the FDI flies out.

I am. Because I think there's more things than money out there.

But not the others. And I can't blame them.

The alternative is to find a niche so that we can rely less on FDI. That's what the govt is doing now.

But its gonna take time and meanwhile we still try to woo the MNCs.....and carry on this rat race.

***

I find that how I feel is rare. I reckon for example we shouldn't have DBSS flats because it defeats the purpose of "public housing" since it clearly is priced to keep it out of reach of ordinary folks.

Yet most feel that DBSS flats are welcomed and there is nothing wrong with the concept of segmenting the public housing market!

An implicit elitist view in my opinion and sadly, this is how many feel.

Bikeforceful SG

Other forums commented that when they raised their own salaries, not one of them spoke against the raise or talked about productivity.

Go figure.

You must remember they all imagine they are worth much more in the private sector!

lce SG

"we have new immigrants coming into our society"

so they r not slowing ?

Dalforce 1941 SG

You must remember they all imagine they are worth much more in the private sector!

But most of them all from SAF, civil service or GLCs.

What fucking private sector?

Bikeforceful SG

But most of them all from SAF, civil service or GLCs.

What fucking private sector?

Hello! did I not say" imagine"?

charlize SG

You must remember they all imagine they are worth much more in the private sector!

Who is worth more in the private sector ?

charlize SG

"we have new immigrants coming into our society"

so they r not slowing ?

First day living in Sg?

Fcukpap SG

Wage shock is so much better than Train shock…and less riskier in fact

so productivity pays off for the highly waged top management to manage the on-going series of train shocks?

Bikeforceful SG

Wage shock is so much better than Train shock…and less riskier in fact

so productivity pays off for the highly waged top management to manage the on-going series of train shocks?

another breakdown announced in the circle line today- no more shock lah! It will be shocking if no breakdowns.

charlize SG

another breakdown announced in the circle line today- no more shock lah! It will be shocking if no breakdowns.

Fcukpap SG

now then they talk about sustainable wages ….

charlize SG

now then they talk about sustainable wages ….

Times are bad.

troublemaker2005 SG

in order to raise productivity - we have to hire minors

mancha SG

now then they talk about sustainable wages ….

From their own experience.

If they raised the national wage, would it be sustainable?

May need to have salary review.

charlize SG

Cheaper better faster.

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