Japan is running out of people

[prashantazazel]

He's right. African and Indians have lowest IQ. It's not racist, just factual. In Murica they represent 12% of population but represent 70% of the prison population.

Oddly, Indians do much better than the Chinese in Murica.

The basic reason is the high cost of living in the better areas (cities, the best parts of cities). People want to move up in life, and the easiest way is reduce family size.
An easy solution would be to make the suburbs, the smaller towns alive and happening. Another would be free housing and education.

 

[Yingluck]

Are you sure Singapore is not spreading her legs dishing out citizens or permanent residences status like nobody business.

Anyway not just Singapore, all East Asia has a landlord problem.

Did you even read the article?



But I do agree that someone earning only $1000 should remain single.



These foreign workers from neighboring countries are only here temporary and won't be getting citizenship. You're trolling at this point.

https://www.straitstimes.com/singapore/courts-crime/safe-singapore-tops-world-law-and-order-index

 

[Mista]

Are you sure Singapore is not spreading her legs dishing out citizens or permanent residences status like nobody business.

You seriously believe that these foreign workers from Bangladesh will be granted citizenship where there are cases of applicants with Master Degree or millionaires getting rejected before?

 

[Yingluck]

Please dont confuse others by citing transient workers.

Everyone knows that Singapore government given citizenship or PR to millions.

The harm of transient workers are immense to the population. Today construction jobs in Japan or white man land are respectably paid. In Singapore, these low paid workers squeeze out citizens who want to pursue a career path in building house.

Many of these old menial workers are impoverished. The profit from hiring foreigners on the blood of locals and transferred to government and property developers.

You seriously believe that these foreign workers from Bangladesh will be granted citizenship where there are cases of applicants with Master Degree or millionaires getting rejected before?

 

[Mista]

Today construction jobs in Japan or white man land are respectably paid. In Singapore, these low paid workers squeeze out citizens who want to pursue a career path in building house.

What's their population and Singapore's population? Their cities can source labor from the rural areas, but does Singapore have that option? Where do you find the hundreds of thousands of construction workers in an economy with virtually full employment rate to build our infrastructures? How many Singaporeans actually want to be a construction worker toiling under the hot sun?

 

[Yingluck]

The theory of labor shortage is another codeword for exploitation.

So long is wage level rises to people expectation, someone will even be willing to take up role as dangerous as mercenary.

If there are shortage of labor, why the salary of construction workers dont rise? And it is not just menial workers being replaced but rather, every single occupation. The policy is not to attract talent or whatsoever, but to enable wage arbitration, in favor of blood sucking elites.

The abundance of cheap labor is what that prevented Singapore society from advancement, worse bring it backwards. The dearth of labor are overblown. To solve that some elites unleash their creative talents, using modern technology, prefab, massive automation, bring civilization to another labor. See youtube below.

Singaporean elites prefer to back everyone closer to slavery.

What's their population and Singapore's population? Their cities can source labor from the rural areas, but does Singapore have that option? Where do you find the hundreds of thousands of construction workers in an economy with virtually full employment rate to build our infrastructures? How many Singaporeans actually want to be a construction worker toiling under the hot sun?

What's their population and Singapore's population? Their cities can source labor from the rural areas, but does Singapore have that option? Where do you find the hundreds of thousands of construction workers in an economy with virtually full employment rate to build our infrastructures? How many Singaporeans actually want to be a construction worker toiling under the hot sun?

 

[Mista]

The theory of labor shortage is another codeword for exploitation.

Nope. High wages for menial jobs in Japan/the West are artificial due to the scarcity of supply. They don't produce the equivalent real economic value-added as their wages would suggest. As a result the economy becomes less efficient and average inflation outpaces median wage, resulting in the fall of real wages of the average person and the aggregate economy.

Although the average person will be worse-off, it's indeed true that the bottom 10% will see their real wage rise.

What's critical of all is productivity growth.

So long is wage level rises to people expectation, someone will even be willing to take up role as dangerous as mercenary.

One more Singaporean worker doing a construction job is one less Singaporean worker for PMET jobs. Try asking the Singaporean which job he prefers.

And it's a massive waste of human resource. 20 years of education so that he can work as a construction worker instead of a PMET job which produces far higher real economic value-added?

 

[Asimzranger]

 

[Yingluck]

Every states can flood themselves with low educated migrants to perform wage arbitration for menial job. Every single states other than oil sheikh do it to the extend like Singapore elites.

Not everyone can become a PMET. For those who cant and who dont, the society will fare better by giving them a honest salary.

The aggregate economic growth of society ought to be shared -- not to be skimmed. That is the more or less the mindset of elites elsewhere.

What about your statement of shortage of labor? No shortage at all, wage stagnation driven everyone away.

When highly educated worker start moving in menial jobs certain things will happen.

Singapore would have develop automation, industrial robots, prefab...etc

The availability of low cost labor has prevented this. No incentive to.

Now China is more advance in service automation, or menial automation.

Nope. High wages for menial jobs in Japan/the West are artificial due to the scarcity of supply. They don't produce the equivalent real economic value-added as their wages would suggest. As a result the economy becomes less efficient and average inflation outpaces median wage, resulting in the fall of real wages of the average person and the aggregate economy.

Although the average person will be worse-off, it's indeed true that the bottom 10% will see their real wage rise.

What's critical of all is productivity growth.



One more Singaporean worker doing a construction job is one less Singaporean worker for PMET jobs. Try asking the Singaporean which job he prefers.

And it's a massive waste of human resource. 20 years of education so that he can work as a construction worker instead of a PMET job which produces far higher real economic value-added?

 

[Mista]

Not everyone can become a PMET. For those who cant and who dont, the society will fare better by giving them a honest salary.

The aggregate economic growth of society ought to be shared -- not to be skimmed. That is the more or less the mindset of elites elsewhere.

2/3 of the jobs taken by Singaporeans will be PMET jobs. When more than 60% of the working masses are PMET, is it still valid to call those jobs as 'elite'?

You still seem to have tremendous hatred for the so-called 'elites' or capitalist. Except for your flags, you have not changed, Lux.

Singapore would have develop automation, industrial robots, prefab...etc

No, don't be silly. Singapore is a tiny country with 1/4 of the population of Shanghai. It doesn't matter if we have abundant supply of cheap labor or not. We simply do not have the talent, capital and market to be at the forefront in these industries.

The availability of low cost labor has prevented this. No incentive to.

Now China is more advance in service automation, or menial automation.

Are you seriously comparing a city of 5m people to a country of 1.4b people in cutting-edge industries?

China has a far more abundant supply of cheap labor. But they are huge. They have the critical mass of talent and markets for economies of scale.

Your point on Singapore's cheap foreign labor results in the lack of cutting-edge industries, is moot.

 

[Yingluck]

You really put words into my mouth, and many of your points are not worth rebuttal.

For a start, no one take offence by bringing in people like Bill Gates or Einstein type, and in contrary, they are welcomed at every levels. By flooding in 3rd world slump dog and pitching locals against their wages is simply treacherous to social contracts.

The atrocious attitude of Singaporean elites have a trickle down to the population, causing them to despise honest labor work.

Already AI and modern automation elsewhere have massively reduced the labor requirement of menial jobs such as construction. Though others have shown us the secret, Singapore is slow to adopt it -- reason bringing in 3rd world slaves are far cheaper.

Then PAP government keep accusing the citizens, being lazy and stupid, though Singaporeans are in reality work longest and study hardest in the whole world.

2/3 of the jobs taken by Singaporeans will be PMET jobs. When more than 60% of the working masses are PMET, is it still valid to call those jobs as 'elite'?

You still seem to have tremendous hatred for the so-called 'elites' or capitalist. Except for your flags, you have not changed, Lux.



No, don't be silly. Singapore is a tiny country with 1/4 of the population of Shanghai. It doesn't matter if we have abundant supply of cheap labor or not. We simply do not have the talent, capital and market to be at the forefront in these industries.



Are you seriously comparing a city of 5m people to a country of 1.4b people in cutting-edge industries?

China has a far more abundant supply of cheap labor. But they are huge. They have the critical mass of talent and markets for economies of scale.

Your point on Singapore's cheap foreign labor results in the lack of cutting-edge industries, is moot.

 

[Mista]

Already AI and modern automation elsewhere have massively reduced the labor requirement of menial jobs such as construction. Though others have shown us the secret, Singapore is slow to adopt it -- reason bringing in 3rd world slaves are far cheaper.

Singapore doesn't even have access to these technologies.

You're the one making missing links with a simplified view of the world. The idea that Singapore isn't at the forefront of these technologies because of cheap labor is hilarious and delusional. I remind you that Singapore is only a city-state of 5m people. Beijing is 4x as populous.

Continue blaming the so called 'elites' for 'exploitation' and on how the world is unfair to the poor with your poor understanding of modern economics. Maybe Venezuela with its current policies is suitable for you.

Those with a strong sense of entitlement, thinking the world owes them a living and how the world is unfair, individuals or nations, usually don't go far in reality.

Meanwhile the majority of Singaporeans, including the bottom 20%, are working hard and are seeing improvement in real wages due to pragmatic sound policies.

I don't see any point arguing with on the same issue over and over again. Let the figures speak for themselves.

 

[Yingluck]

The statistics you shown has only served to prove the insatiable proven greed of our elites. Lets pull in the raw data from GOS site and look into details.

From 2003 to 2013, bottom 10% household income increased by 54%. Meanwhile the top 10% increase by a whopping 85%.

In 2013 Singapore, the top 10% household earn 24x more than the bottom 10%. This is a tip of iceberg because the statistics has not include income from capital gains, rent or dividend.

http://www.tablebuilder.singstat.gov.sg/publicfacing/createDataTable.action?refId=12307

Singapore doesn't even have access to these technologies.

You're the one making missing links with a simplified view of the world. The idea that Singapore isn't at the forefront of these technologies because of cheap labor is hilarious and delusional. I remind you that Singapore is only a city-state of 5m people. Beijing is 4x as populous.

Continue blaming the so called 'elites' for 'exploitation' and on how the world is unfair to the poor with your poor understanding of modern economics. Maybe Venezuela with its current policies is suitable for you.

Those with a strong sense of entitlement, thinking the world owes them a living and how the world is unfair, individuals or nations, usually don't go far in reality.

Meanwhile the majority of Singaporeans, including the bottom 20%, are working hard and are seeing improvement in real wages due to pragmatic sound policies.

I don't see any point arguing with on the same issue over and over again. Let the figures speak for themselves.

 

[Mista]

From 2003 to 2013, bottom 10% household income increased by 54%. Meanwhile the top 10% increase by a whopping 85%.

And many other developed countries saw stagnant or even negative real growth for their middle and lower income. 54% in 10 years time is bad for a developed country? It's bad because it didn't rise as fast as the rich?

US: 2003-2013...?

In 2013 Singapore, the top 10% household earn 24x more than the bottom 10%.

Not true. That's income per household member, and poorer households have larger families. You do know that which race (or religion which you so despise, judging from your previous posts) dominates the bottom 10%. They tend to have more kids even though they can't afford it.

Here's the household income:
http://www.tablebuilder.singstat.gov.sg/publicfacing/createSpecialTable.action?refId=15437

1st - 10th: 1,937
41st - 50th: 9,331
91st - 100th: 31,806

So the top 10% earned around 16x of the bottom 10%, not 24x like you claimed.

What you're looking at is income Gini coefficient before taxes and transfers. But you should've frame the argument to after taxes and transfers since many countries are worse than us if we look just at the top/bottom 10% ratio before taxes and transfer.

Other countries have lower Gini coefficient than us through heavy taxation and subsidies.

However what is unique about Singapore's socioeconomic model can't be reflected here.

Households in the lowest income quintile (20%) in Singapore have on average more than $200,000 of equity in their homes. This is unmatched by any other country, but our capital grants do not show up in the Gini coefficients.

Singapore is an asset-owning democracy where even our poor have assets and their children can grow up in decent neighborhoods and schools, so that they aren't denied the opportunity to advance in life just because they are born poor.

LKY believed in asset grants which creates a sense of ownership among the people so that Singaporeans don't believe that the world owes you a living. Not the welfarism which has created a huge sense of entitlement in the West with the poor waiting for handouts.

It's the pride and dignity that you earn your success through your own efforts, even for the poor.

The PAP would have lost power long ago if Singapore is such a miserable place to live or if your ordinary Singaporeans are feeling unfairly exploited by the 'elites' like you described.

 

[nang2]

And many other developed countries saw stagnant or even negative real growth for their middle and lower income. 54% in 10 years time is bad for a developed country? It's bad because it didn't rise as fast as the rich?

US: 2003-2013...?

Not true. That's income per household member, and poorer households have larger families. You do know that which race (or the religion which you so despise, judging from your previous posts) dominates the bottom 10% and they tend to have more kids even though they can't afford it.

Here's the household income:
http://www.tablebuilder.singstat.gov.sg/publicfacing/createSpecialTable.action?refId=15437

So it's more like 16x in 2017.

What you're looking at is Gini coefficient before taxes and transfers but you should've frame the argument to after taxes and transfers, because many countries are worse than us before taxes and transfers.

However what is unique about Singapore's socioeconomic model isn't reflected here.

Households in the lowest income quintile (20%) have on average more than $200,000 of equity in their homes. It is unmatched by any other country, but our capital grants/subsidy do not show up in the Gini coefficients.

Singapore is an asset-owning democracy where even our poor have assets and their children grow up in decent neighborhoods and schools, so that they aren't denied the opportunity to advance in life.

LKY believed in asset subsidies which created a sense of ownership among the people so that Singaporeans don't believe that the world owes you a living. Not the welfarism which has create a huge sense of entitlement in the West with the poor waiting for handouts.

It's the pride and dignity that you earn your success through your own efforts, even for the poor.

The PAP would have lost power long ago if Singapore is such a miserable place to live or if your ordinary Singaporeans are feeling unfairly exploited by the 'elites'.

I frown everytime I see a discussion on economy using household income. This data is commonly used by people who like to deceive and they do that by not telling people the size of the household. As the result, you would see funny trend like per-capita growth being much faster than per-household growth or vice versa. Which data really shows the growth of the wealth?