chicken and egg issue...
Bosses thinking: Raise productivity to raise wages
Workers thinking: Raise wages to raise productivity
however, the balance have been broken when the floodgates open
and FT flooded in who are willing to work more for less
money...
In the long run, it will be harder and harder to recover from
this "boss mindset".
Ur business has low cost due to FT manpower, imagine I take away
FT and ur business expense for manpower increase, will u be
happy?
Its like a drug, we shld starve off it asap...
It's about profitability. As Sg becomes more expensive, firms
need to supress something to maintain the profit line. Without
minimum wages and wayang unions, workers become the easy
target.
