Tan Kin Lian's Blog: Employment is the key to economic recovery

Monday, June 22, 2009

Employment is the key to economic recovery

Read this article.

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10 comments:

Unknown said...: There is no recovery in the golbal stock market. A recovery would suggest that things are gettin better. It is not and it will not get better anytime soon. At best, it will not get significantly worse.

"economy recovery jobs" would be forcing the economy, which is a equilibrium of demand @ supply, to be artificially balanced. Over time it will not be sustainable. This is at best a small band-aid.

for the economy to recovery, it has to restructure. get out of low value products and services. retool.. re-engineer.. re-hire..

ECONOMICS is a science.. it is unfeeling, cold, cut-throat, militant .

POLITICS, in its practice in Singapore, is unfortunately like ECONOMICS .. It should however be much more superior in that it melds the science as well as the art of running the country and looing after its people.

Lets start with 6 million people.. we don't need that many.. the economy can do with 4.5 million.. and it (economy) will be forced to make all the changes (structurally, policy, plan)and still pay the workers well. Lets stop this race to the cheapest wage cost where the Singaporean will surely lose out.

lets not waste our limited resource on funding fading technologies.. lets put our money in something that has always worked for Singapore... SINGAPOREANS...

Lets make it easier for families to raise their kids and look after the old .. why profit from the levy on a maid when that money can better serve the people.

Why not invest in our very young .. adopt a nursery and kindergarten lesson / development syllabus that is internationally acclaimed and heavily subsidies it.. this money will go a long way in the investment of the citizen..; June 17, 2009 1:47 PM
Anonymous said...: Mr Tan, you cited Obama’s plan to create public sector jobs for economic recovery?

Read this link about what is happening in California, the richest US State and 10th largest world economy if it were a country.

http://futurefastforward.com/component/content/article/1903; June 17, 2009 2:02 PM
Anonymous said...: u about right on this , the government intervenes in the market in alot ,economically, eg property mkt, hence , it should , understandably provide some cushioning effect, the govt , has done something, however, the extent isnt agressive enough.; June 17, 2009 5:40 PM
Anonymous said...: Mr Tan,

You always suggest this suggest that, but where is the real action? No value if it is all paper talk only.; June 17, 2009 9:40 PM
Anonymous said...: Even when u are jobless, they ask u to go for training (spend money) so that they can profit from it.
After training they say u can get job bec u are loosuy. U fell ashame so u keep quiet.
After training what u get? still jobless becasue u are over 45.

It is easy to help if u are sincere.; June 17, 2009 10:48 PM
Anonymous said...: can you comment on the property market? It seems to go against the basic principle of economics here in Singapore. We should throw away our text.; June 22, 2009 5:33 PM
Anonymous said...: Anon 5.33 pm

You know why? Because 66% are not affected, no matter how bad the recession. They can even look for bargains in the property market now.

Anyway the economic text doesn't say everyone will be affected in a recession, right?

That's why PAP is so strong at every election.; June 22, 2009 8:46 PM
Unknown said...: I refer to the comment:

" You always suggest this suggest that, but where is the real action? No value if it is all paper talk only. "

- thoughts comes first
- then it's followed by action

- 2,000 years ago, the Greeks started to think & talk about the ideas of democracy

- and now we have democracy ... at least in some parts of the world

- Hitler started thinking about Aryan supremacy first ... while he was in prison ... he wrote Mein Kampf
- when he was released from prison, he started acting out his ideas

- the concept that an idea is not valid without action is peculiarly Singaporean

- the other stupid Singaporean idea is "constructive criticism"
- valid criticism does not need to be constructive
- criticism is either valid or it is not
- the criticism that Hitler was an evil man is not constructive
- but does that mean that the criticism is invalid?

Mr Tan
You are to be commended for your patience. I would have vomited blood over some of these comments a long time ago.

Like Sparta(military efficiency), Singapore's greatest contribution to human culture is economic efficiency. What has been Singapore's contribution to Truth, Beauty and Goodness in human culture?; June 22, 2009 9:53 PM
Anonymous said...: Saw a news article from MSM lately, SMRT bus company charging trainee drivers "$1K training fees" if they fail twice in their class 4 driving test.

According to the news report, class 4A is enough to drive a public bus. SMRT claimed that they didn't have enough class 4A trainers. So is this the fault of trainee drivers? Who own SMRT? Most S'poreans should know the answer...

Is this the way to help our jobless S'poreans? Jobless is already quite bad, now SMRT makes lives even more difficult for these trainee drivers.

How many S'poreans willing to take up these "extraordinary challenges" now to become SMRT bus drivers?

SMRT can then justify the reason to employ more cheap and willing to work long and irregular hours "foreign talented drivers"?

Good but cheap move, SMRT!; June 25, 2009 1:47 PM
Cram Speaking said...: Hi Mr Tan

In the TOC article, you mentioned creating 100,000 jobs each paying around 1000 a month.

It set me thinking. The Singapore govt enjoys good foreign relations with a great number of first world and developing nations. By beefing up its presence in these foreign nations, it can directly create thousands of jobs.

I suppose Singapore has consulates/embassies in at least 100 nations. If the staff strength in each of these is increased by, say 250, it straightaway leads to the creation of 25,000 jobs! So, what will these new recruits do? Scout for investment and educational opportunities, promote the Singapore brand, work towards cultural exchange, mutual promotion of tourism, etc. And even assuming each new recruit is paid 100K a year, it amounts to just 2.5 billion a year (of course, there is also the possibility of a part of that amount being remitted back home).; June 25, 2009 6:26 PM