Monday, March 26, 2018

Equalisation wage between locals and foreigners.

In my video, Jobs for Singaporeans, I introduced the concept of equalisation wage between locals and foreigners. This should apply to all levels, including PMET jobs. If employers have to meet the same cost, they are more likely to employ locals, instead of foreigners.

This equalisation is achieved by introducing a levy for jobs taken by foreigners and giving a subsidy for jobs taken by locals. It will address the gap between the wage that a foreigner is willing to accept (because they feed their family in a low cost country) and the wage that a local is willing to accept (because they feed their family in Singapore).

If this gap between the wages is $1,000, the equalisation can be achieved by introducing a levy of $500 for each foreign worker and a wage subsidy of $500 for each local.

This equalisation should be made only for the jobs where it is difficult to find locals, such as cleaners, security guards, bus drivers and construction workers.

For jobs where the wages are sufficient to attract locals, there is no need to give work pass for foreigners.

Here is my video;
https://www.youtube.com/watch?v=h8_CLCYH85I&t=48s

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