Qualification affects your starting pay, but it is the
performance of the person which affects your promotion. Like me I
only got a simple bachelor engineering degree, but I can work in
Exxon and my pay is considered high to Singapore companies.
your pay is also dependent on the sector you are working in.
generally, petrochem companies pay more than lets say manufacturing
companies.
Yes, qualifications affects your starting pay, I'm not going to
deny that. however, it only applies to bachelor and below. Masters
and PHDs have little effect on one's pay level.
and with the influx of FT changing the labour market, the
concept of high qualification = high pay is becoming increasingly
obsolete.
You can see foreign degree holders working in a wide spectrum of
jobs, ranging from the lowly technician, retail sales, customer
svc, to engineers, financial consultants, doctors etc.
Qualification is meaningless, if there are people out there willing
to drastically undercut you on the basis of salary.
Let's just take a simple ferry ride to batam. I saw job
advertisement for the simple post of starbucks baristas. Looking
for university graduates, not older than 25, monthly pay of approx.
S$280. Outlet manager, cannot be older than 35. $350/mnth.
And that's starbucks. Imagine what's the pay like for the less
well-known companies.
Maybe their university are lousy, but i believe that being uni
grads, they are more than competent for most jobs available in
singapore, excluding the really high-tech occupations.
And I believe that these people, are more than willing to accept
any jobs that offers higher pay. Simply by working as a junior
admin assistant in spore, they can easily quadruple their pay, and
drastically improve their family's financial standing. We have
heard of maids and foreign labourers, saving enough money to the
point that they can afford to construct beautiful houses back in
their hometowns. And these workers are usually lowly-educated,
lowly paid, $500/mth or less.
imagine what degree holders can achieve by working in
singapore.
When you have so many qualified desperate young people, just
30minutes away from singapore, we can't help but wonder. What will
happen had we just loosen immigration restriction a little?
And the world is full of such desperate people, and many are
actually well educated, or at least educated enough to compete with
workers of the developed world.
The West is slowly coming to realise that Efficiency simply
cannot compete with Cheapness. C comes before E.
They will never, ever, be able to create jobs that pay as well,
with cheaper overseas labour available for every position
imaginable.
And with declining individual income, the economies of the West
is doomed to shrink, and their debt crisis will only become more
and more severe, as they find it harder and harder to repay their
debts.
The EU is bound to disintegrate, and the US is next on the
list.
