tag:blogger.com,1999:blog-17478547.post4687634080365721738..comments2024-03-27T20:17:30.597+08:00Comments on Growing your tree of prosperity: I was wrong about GE2020.Christopher Ng Wai Chunghttp://www.blogger.com/profile/15534057160494859977noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-17478547.post-30048944713288973362020-07-12T17:14:23.565+08:002020-07-12T17:14:23.565+08:00Hi, there, I think most Singaporeans are not expos...Hi, there, I think most Singaporeans are not exposed globally and we always compared ourselves to SEA countries. Yes, we are good, but there are countries who have small populations and no resources in the world who has mostly their own citizens working and increasing productivity. Just a few to named of who I have personal friends or colleagues... Denmark, Sweden, Finland, Netherlands etc. Rolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-3953901007503743732020-07-12T13:32:19.050+08:002020-07-12T13:32:19.050+08:00Not sure whether labour income share increased fro...Not sure whether labour income share increased from 2013-2019 compared to 2006-2012.<br /><br />But sure as hell real salaries rose a lot from 2013-2019 as compared to 2006-2012. So much so that increases in S'porean workers' salaries have far outstripped productivity in the last few years.<br /><br />This was a result post-GE2011 whereby S-passes & later E-passes were quite severely curtailed. This is also seen in the frequent increases in minimum salary level for E-pass.<br /><br />I suppose PAP will further tighten the S-pass & E-pass intakes.<br /><br />For the lower income, there was the big boost to Workfare payouts. As well as the minimum income framework for certain industries.<br /><br />Yeah, civil service may mandate tender awards to SME's, but it will likely be done in a format whereby respondents to tenders need to partner & profit-share with SME as a qualifying condition.<br /><br />For much of the industries in S'pore, this ecosystem is already very established with almost all MNC's & GLC's here having supply-chain or process-chain partnerships with many local SME's.<br /><br />It's just that most of the time, it's a very uneven partnership.Unknownhttps://www.blogger.com/profile/02938450718690565242noreply@blogger.com