Economic Restructuring II: Prof Lim

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Economic Restructuring II: Prof Lim

Postby Daddy D » Fri Apr 13, 2012 9:53 am

http://www.straitstimes.com/BreakingNew ... 87111.html

'Only way out is to restructure again': Professor
Economics prof says income gap approaching dangerous levels

One of the architects of an economic restructuring exercise that overhauled Singapore's wage system in the late 1970s said on Monday that the country now 'needs shock therapy to wake up its economy'....
Prof Lim, who is 80 next month, said 'the only way out is to restructure again', in the area of pay for low earners.
He was the founding chairman of the National Wages Council which masterminded an economic shake-up from 1979 to 1981 that lifted wages by 20 per cent per year.
Prof Lim's proposal, which he called 'Economic Restructuring II', includes substantially increasing wages for the lowest-paid workers and freezing top earners' salaries for three years....

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Re: Economic Restructuring II: Prof Lim

Postby Daddy D » Fri Apr 13, 2012 9:58 am

http://www.straitstimes.com/BreakingNew ... 88298.html

Prof Lim defends 'shock therapy', says workable
Ex-NWC chief says radical wage restructuring plan is workable and more sustainable

'We need people to support that we need restructuring if we want a better society. If we want a society where we depend on our neighbours for cheap labour, well... some people like it. I don't like it.'...


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Re: Economic Restructuring II: Prof Lim

Postby Daddy D » Fri Apr 13, 2012 10:00 am

I will vote for him for speaking up...
:razz:

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Re: Economic Restructuring II: Prof Lim

Postby dolphinsiah » Fri Apr 13, 2012 12:45 pm

The government should implement a minimum salary for all working adults....

Cannot let all these Employers , especially Big Corporates.. to take advantage of cheap labours....

Support Minimum Salary ....

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Re: Economic Restructuring II: Prof Lim

Postby limlim » Fri Apr 13, 2012 12:58 pm

I feel they shd just restrict FTs and let market forces adjust themselves.

As for FW.. no choice.. they are needed. The way for low income SC to improve is to upgrade.. just make sure the FTs don't go and suppress their wages after the SC upgrade to higher level..

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Re: Economic Restructuring II: Prof Lim

Postby caroline3sg » Fri Apr 13, 2012 1:32 pm

Yes I support minimum salary so that we have less reliance from foreign labour esp bus drivers.

In TRE, an article states that SMRT is recruiting 300 PRC drivers.

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Re: Economic Restructuring II: Prof Lim

Postby 711mum » Fri Apr 13, 2012 2:58 pm

caroline3sg wrote:Yes I support minimum salary so that we have less reliance from foreign labour esp bus drivers.

In TRE, an article states that SMRT is recruiting 300 PRC drivers.


Not surprising :shrug:

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Re: Economic Restructuring II: Prof Lim

Postby limlim » Fri Apr 13, 2012 4:02 pm

caroline3sg wrote:Yes I support minimum salary so that we have less reliance from foreign labour esp bus drivers.

In TRE, an article states that SMRT is recruiting 300 PRC drivers.


commuters are complaining about public transport. If they don't increase the number of bus trips, how are they going to raise the service standard?

To increase the no. of trips, you need drivers. do you feel it is easy to recruit local bus drivers? I doubt so.. not many pple is keen to drive a bus..

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Re: Economic Restructuring II: Prof Lim

Postby caroline3sg » Fri Apr 13, 2012 4:36 pm

limlim wrote:
caroline3sg wrote:Yes I support minimum salary so that we have less reliance from foreign labour esp bus drivers.

In TRE, an article states that SMRT is recruiting 300 PRC drivers.


commuters are complaining about public transport. If they don't increase the number of bus trips, how are they going to raise the service standard?

To increase the no. of trips, you need drivers. do you feel it is easy to recruit local bus drivers? I doubt so.. not many pple is keen to drive a bus..


Why open the floodgate and burden our infrastructure and tear our social fabric? It is their own doing and its people/commuters are suffering.

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Re: Economic Restructuring II: Prof Lim

Postby concern2 » Fri Apr 13, 2012 6:16 pm

The union that we have ask of its members to bite bullets, while the ministers continue to receive high pay and bonuses. To see some real improvement, drastic measures is needed. It may not be a perfect measure, but it is a necessary one. Take one step at a time, continue to monitor and access.

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