In my opinion, one important function of the government is to ensure that there are sufficient jobs for the citizens. They should provide high value jobs that pay well, if it was possible. If not, they should provide other jobs, even if they do not pay high wages, provided that the wages are sufficient to meet the cost of living.
If we are short of labor, we should automate and mechanise. We should have driverless taxis and buses and customers should return trays.
However, if there are many people who are not able to find suitable jobs, we should have taxi drivers, private hire drivers and cleaners. We should also create jobs for information guides to help tourists, as adopted in Seoul and other cities.
We should set a minimum wage to ensure that all workers earn a living and respectable wage.
While a higher wage for workers will lead to a higher cost of living for consumers, I expect that this will be offset by lower rentals.
When wages are low, rentals become too high, which is what we have seen in Singapore. If wages are higher, it is not possible for landlords to extract exorbitant rent, as the businesses cannot afford these rents.
This is what my common sense tells me. I know that some people cannot see it, or cannot agree with my view. But they are entitled to their views.
If we are short of labor, we should automate and mechanise. We should have driverless taxis and buses and customers should return trays.
However, if there are many people who are not able to find suitable jobs, we should have taxi drivers, private hire drivers and cleaners. We should also create jobs for information guides to help tourists, as adopted in Seoul and other cities.
We should set a minimum wage to ensure that all workers earn a living and respectable wage.
While a higher wage for workers will lead to a higher cost of living for consumers, I expect that this will be offset by lower rentals.
When wages are low, rentals become too high, which is what we have seen in Singapore. If wages are higher, it is not possible for landlords to extract exorbitant rent, as the businesses cannot afford these rents.
This is what my common sense tells me. I know that some people cannot see it, or cannot agree with my view. But they are entitled to their views.
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