Comments on: Economy recovering, but labour statistics getting worse?

By: The Singapore Daily » Blog Archive » Weekly Roundup: Week 51

The Singapore Daily » Blog Archive » Weekly Roundup: Week 51 — Mon, 21 Dec 2009 03:11:50 +0000

[...] – TOC: PMETs and degree holders among hardest hit by weak labour market [Recommended] – TOC: Economy recovering, but labour statistics getting worse? – Temasek Hedge: Clueless: how main stream media and stock watchers [...]

By: Philip

Philip — Fri, 18 Dec 2009 03:21:00 +0000

I first came into the job market in 1999. That’s just after the financial crisis. If you think things are tough now, you should have seen what it was like back then. At least there are still people hiring now, in certain sectors. Back then, hardly anyone was!

So relax fellas, we’ve been through this before, and we’ll survive.

Another thing – when do uni grads start looking for a job? Is it from June onwards? Perhaps this would account for the increase amongst uni grads?

And as for PMETs? Has it escape everybody’s mind that the ‘Great Recession’ hit the finance sector the hardest? When the great big financial bubble burst, of course those employed in this sector will be the hardest hit. Yep, that’s right, the PMETs.

By: A&E

A&E — Thu, 17 Dec 2009 18:10:47 +0000

Hey Carlos,

1. Minister’s pay is linked to GDP,

2. ———->> GDP is not pegged to your pay,

3. ——————>> Minister makes GDP of Singapore very high,

4. ——————————–>> You thank and praise him for it.

Kirk to Spock: “IT MUST NOT EVEN COMPUTE FOR YOU!”

By: Carlos Lim

Carlos Lim — Thu, 17 Dec 2009 11:11:06 +0000

http://www.aneki.com/richest.html

Bad, worse, worst.
If we’re bad during this global financial meltdown no wonder those below us are crying out loud for help. The Italian PM felt it.
Thank you PAP for making up amongst the world’s top 10 even when we’re just a resourceless, hinterlanless, tiny island.
Thanks MM.

By: jiangbao

jiangbao — Thu, 17 Dec 2009 07:03:18 +0000

Its not whether they care or not.. its a fact that all 3.5 million of us can be replaced with the communists north of us. After all there are 1 Billion of them.

We are insignificant.

By: anakin

anakin — Thu, 17 Dec 2009 06:08:18 +0000

As long as KPI for our millionaire ministers are based on GDP growth and salary pegged to the highest earners (mind you not necessarily local), then do u really think they will give 2 hoots to the labour report. As long as GDP gets better and rich get richer, the rest is not their concern. The only thing they fear is elections, give them big mandate they squeeze u more.

By: macam macam

macam macam — Thu, 17 Dec 2009 04:57:13 +0000

they just cannot be bother with orang asli singapura

By: tiredsingaporean

tiredsingaporean — Thu, 17 Dec 2009 04:14:42 +0000

100,300 unemployed in Sep 09
hey man, this is damn serious problem here, wonder what those ministers are going to do now, or as usual wait for their master to give instructions?

By: The Singapore Daily » Blog Archive » Daily SG: 16 Dec 2009

The Singapore Daily » Blog Archive » Daily SG: 16 Dec 2009 — Thu, 17 Dec 2009 02:12:08 +0000

[...] A jobless recovery – TOC: PMETs and degree holders among hardest hit by weak labour market – TOC: Economy recovering, but labour statistics getting worse? [...]

By: FaceTheFact

FaceTheFact — Tue, 15 Dec 2009 17:31:25 +0000

Worst is yet to come if we still fail to foresee our mistake in our economics policy.

By: ram

ram — Tue, 15 Dec 2009 16:39:27 +0000

100,300 unemployed in Sep 09 may just be a statistics to our ministers. But have they considered what the unemployed is suffering and going through?

According to New York Times/CBS News poll of unemployed adults in Dec 09, unemployed suffers from:
- depression or anxiety
- observe behavioral changes in children that is attributed to parents’ difficulties in finding work
- insomia and panic attacks
- feeling embarassed or ashamed most of the time as a result of being out of work; borrow money from friends and relatives

Unemployed experienced major life changes, mental health issues and trouble maintaining even basic necessities.

Can our ministers show more empathy to the unemployed rather than concern on keeping up with the salaries of the top earners in the private sector?

By: A&E

A&E — Tue, 15 Dec 2009 16:31:20 +0000

Mr Leong: applaud your dogged persistence in digging for the information, admire your analytical ability with the numbers, appreciate your time and effort in making sense of them.

The data you have kindly consolidated here makes me wonder, even more, if we are moving in a direction opposite to that of countries like China and India; where native PMET’s are increasing in these countries, both as their managerial and R&D quality improve and returnees from the states and elsewhere increase, ours are apparently decreasing.

By: ram

ram — Tue, 15 Dec 2009 15:58:00 +0000

“about 40% of households may hardly have had any real increase in income, over the last 10 years or so”.

HDB prices, transport costs, utility charges, conservation charges, school bus fares, university tuition fees, have been increased annually. It is small wonder that Singapore population is poorer year by year.

But I guess that the ministers do not care as long as they get their annual fix of
six figure increment.