See... that's more BS... you wrote in the first person that it "seems to be raising real wages". That's your estimate, not the voters... they didn't post here, did they? You did. One thing I judge about you... you will never admit to having ferked up, will you?BBCWatcher wrote:Strong Eagle, the word "seems" has meaning, and you must give it meaning and weight if you are to succeed in reading comprehension. As in, in this case, in context, seems to voters. As it happens, I personally make/made no judgment here about either correlation or causation.
Here's exactly what I wrote:
"That said, most voters are not landlords. More voters work and earn salaries. Reducing the inflow of foreigners seems to be raising real wages among resident workers, at least for now." (Emphasis added.)
"Seems" means "appears to be." Seems to whom? Voters is the most obvious answer to that question in ordinary international English interpretation. You cannot assume "to me" (the writer). "To them" ("to voters") is a much more plausible, reasonable interpretation.
Again, the opinion was clearly yours, not some abstract voter.And if all that wasn't clear enough to you the first time, it certainly should have been when you asked a follow-up question and I succinctly answered. ("Whatever Singaporean voters think....not mine.")
This seems to be you... you blather then become defensive when someone calls you on your shit.This forum seems to be chock full of people actively looking for arguments and disagreements even where there are none in evidence. I'm really not sure why.
ecureilx wrote:3% per annum ? Statistics, yes ?BBCWatcher wrote:Easy to find. Refer to points 7 and 8. Seven percent real wage growth (3% per annum for the past 5 years), and with broadly shared prosperity across income quintiles, is pretty darn impressive.
Reality says otherwise.
In SME environment pay has gone down.
It's now very common to see starting salary for IT support personnel, from 1,800 $, that's a great growth from the minimum 2k - and 2k was for fresh graduates.ScoobyDoes wrote:ecureilx wrote:3% per annum ? Statistics, yes ?BBCWatcher wrote:Easy to find. Refer to points 7 and 8. Seven percent real wage growth (3% per annum for the past 5 years), and with broadly shared prosperity across income quintiles, is pretty darn impressive.
Reality says otherwise.
In SME environment pay has gone down.
I agree completely......statistics can be used to say anything and there is a reality in the SME and retail environments that salaries are stagnant at least, reducing most likely.
SE is also correct, there is no direct causation between any increasing individual salary and a drop in FT numbers. It could be, that as the percentage of FT drops in relation to the workforce the balance of locals employees increases, therefore meaning that the balance of "total" salary expenses goes up for locals purely because ALL locals earn more compared to ALL foreigners as a percentage. True or not, I don't know but it's ......... statistics.
ecureilx wrote: It's now very common to see starting salary for IT support personnel, from 1,800 $, that's a great growth from the minimum 2k - and 2k was for fresh graduates.
Security ? Few years ago, starting pay was 4k gross. Now 2.5k gross. And for 2.5k you need to work 14 hours a day, 6 days a week. And since the base pay is low, your other benefits tagged to base pay drops.
FnB ? Excellent pay for experienced bar tender, from 2,000 $, which is a great growth from the average 2,500 + $ few years ago. And bosses will insist take home pay has gone up once you add in tips, though in reality it hasn't.
Then you simply don't know what first person means, I'm sorry to say.Strong Eagle wrote:See... that's more BS... you wrote in the first person that it "seems to be raising real wages".
^thisScoobyDoes wrote:The first to go are usually the foreigners so this increases the percentage of locals left working and whilst possibly at the same salary, the percentage of wages going to locals increases.
retail and SMEs don't exactly employ local workforce. bias: retail - phils, hawker - PRC, SMES - PRC, IT- indians.ScoobyDoes wrote:
I agree completely......statistics can be used to say anything and there is a reality in the SME and retail environments that salaries are stagnant at least, reducing most likely.
possibly. as far as my experience goes, the service companies have a sg owner/boss (+ family) but the hands-on is done by non-sg. this is why i said that the smes don't really employ locals. in other words, the bulk of workforce i saw in pmes is not local. whether this means that the native workforce is outnumbered 3/1 or 4/1 by the foreign workforce, or if mom qualifies (family) owning a sme as working in it (i thought it's a different fiscal chapter altogether), or maybe whatever i saw were all exceptions, i do not know.sundaymorningstaple wrote:Sorry, but you are wrong, wrong, wrong. Fully 70% of Singapores native workforce works for SMEs. This from the MOM. They may be certain sectors within the SMEs where it's true but across the board it's around 70%.
ah, well then this is a pretty different meaning of the 70%, SMS!! i fully agree that 70% of the TOTAL workforce i personally saw in sg are sme employees.BBCWatcher wrote: That said, that 70% figure appears to relate to the entire workforce, resident and non-resident (foreign). Here's an official source for reference. I haven't been able to find a breakdown indicating what percentage of the resident workforce is employed by SMEs, but it has to be a big number. (I agree with SMS on that point at least.) It could also be 70%.
well, if the tax contribution of a company is small, it means low margins. if the company is small, i bet the allocations are quite small too, so are the operating costs. as i would not expect these companies to jeopardize their profits paying high wages, i suspect the salaries there are quite low. so 70% of the workforce is probably on low pay.sundaymorningstaple wrote:It's hard to say. I don't know how many foreign nationals are hired by the biggest MNCs. One thing is for sure though, when the MNC start bailing out unemployment will skyrocket through the roof as a HUGE number of the SME directly support or supply the MNCs. How much of the 80% is, frankly, immaterial do the discussion.
I don't know about the tax contribution but I would rather expect they are paid better than the average. These are typically >20 employers companies, at least from my experience working for one of rather big manufacturing MNCs in Singapore. What MNCs offer to them are often big deals from an SME's perspective, not because the deal is that fantastic but because of the volume. Of course this is linked to the profit, but it is also linked to the SMEs resources - they have to have manpower to handle the volume.calugaruvaxile wrote:well, if the tax contribution of a company is small, it means low margins. if the company is small, i bet the allocations are quite small too, so are the operating costs. as i would not expect these companies to jeopardize their profits paying high wages, i suspect the salaries there are quite low. so 70% of the workforce is probably on low pay.sundaymorningstaple wrote:It's hard to say. I don't know how many foreign nationals are hired by the biggest MNCs. One thing is for sure though, when the MNC start bailing out unemployment will skyrocket through the roof as a HUGE number of the SME directly support or supply the MNCs. How much of the 80% is, frankly, immaterial do the discussion.
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