This is not entirely true. On LoC, people could work for as low as $1500. I know the International School my daughter goes to, teachers are paid that low. Almost all are trailing spouses. SPass minimum salary is higher and you need locals for the quota. So, will those schools/businesses be viable to be able to pay those increased salaries? Many will just close down and fewer will survive. So, the number of dependent pass holders who convert to work pass will be much lower.SingaporeEP wrote: ↑Wed, 03 Mar 2021 4:18 pm
11) ... but ofcourse the talent pool available in country remains the same so all LOC will eventually move to workpass and things will be same after a point of time, so implications may sound bad foe DP holder but aren't as bad
Those schools are under pressure to shut down. The gahmen doesn't have a place for them in their long term strategy.Wd40 wrote: ↑Thu, 04 Mar 2021 9:34 amBrilliant! I wonder what is the impact going to be on the local economy. I know for a fact that teachers in low end International Schools are all trailing spouses working on LoC earning like 1.5k a month. I am not including the high end International Schools with fees >3k a month.
So what happens to all these teachers? Fees go up?
Also just when Covid was getting over and the economy is opening up, is when there is going to be a shortage of workers. So the timing?
Overall SG is going towards HK way. It is going to attract mostly singles at the mid range salaries. Only at the higher end you are going to see families coming to SG. i.e. atleast 8k salary and above it makes sense for families to relocate to SG.
Yes, this is what I also think so. The timing clearly says, the opening up is not going to mean all rosy for everyone.the observer wrote: ↑Thu, 04 Mar 2021 11:26 amMaybe more layoffs are in the pipeline.
Just preparing for the inevitable.
Greasing the path for the coming batch of unemployed locals to move to other industries.
And also for the school leavers/fresh grads. Local unis graduate around mid year.
Gosh I hope not. LTVP holders only account for 0.5% of the workforce. Less then 18,000 people. It’s already a minuscule slice of the pie.
It's a pie with no voice tho.MOCHS wrote: ↑Thu, 04 Mar 2021 2:00 pmGosh I hope not. LTVP holders only account for 0.5% of the workforce. Less then 18,000 people. It’s already a minuscule slice of the pie.
They are married to Singaporeans/PRs. If that ever happens, they are risking losing the Singaporeans who are committed to stay here for the rest of their lives. We didn’t deliberately choose to fall in love with a foreigner to make our lives difficult.
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