Hello, is your screw up there loose or what?? if we dun give
them a push in the right direction, how do you expect them to get
out of the poverty trap. If they really go down, the govt will have
a handful of problem to deal with, at that time, what will be spend
on them will be far greater.
Furthermore, when govt give them money, the economy will have more
money to flow through. U understand this formula
AE = C+I+G+(IM-EX)
AE = Aggregate Expenditure
C = Consumer Spending
I = Investment
G = Govt spending
IM = Import
EX = Export
In this case the govt is also trying to give the economy a push by
driving up C which inturn will have a multiplying effect on the
economy and also helping the poor and also the less mentionable
election. It killing 3 birds with one stone. When economy improve,
we will have jobs.
when AE go up, the eocnomy get better and when AE go down, it the
opposite
The only way out for them is for their children to be better
educated and obtain higher paying job. as for the parent, they will
need to adapt and learn new and better skill to hold onto a job,
Singapore is heading toward lower labour and higher capital
intensive industry. if those parent dun upgrade, they will be
eliminated and the cycle will continue on and on and on.
Though it true that some of them will not be bother to upgrade
themseleves to stay employed but we will need to save as many as we
can.
So thread starter, before you condemn anything, kindly reflect upon
yourself first and get your basic understanding of the working
mechanism of economy right first before commenting.
Peace to all
