Saturday, November 19, 2022

Set a fair wage for each occupation

 The government should set a fair wage based on market data

We cannot rely on the market to fix wages. The market wages depend largely on bargaining power. The worker is at a weaker position relative to the employer and has to accept a wage that is lower than a "fair rate".

To overcome this weakness, the workers have to join a trade union and bargain for better wages and working conditions. In some cases, they have to go on strike. This is a destructive process.

What is a better way?

The government can use the data of the wage levels for different occupations fix the recommendation wage for each occupation and skill level. This is a "fair wage" and takes into account the supply and demand for the occupation. It overcomes the distortion caused by the relative bargaining power.

When I describe this system to a friend, he asked - are you advocating a communist system?

I replied - I am advocating common prosperity.

Friday, November 18, 2022

Voting in a general election

 I suggest a secure and efficient platform to handle voting in a general election.

WOTC - Talk between Joe Biden and Xi Jinping

 Wisdom of the Crowd: 31% of the respondents said that Joe Biden and Xi Jinping will have a lengthy talk at the G20 summit in Bali.

Chinese RMB as a reserve currency

 The Chinese RMB will become more accepted as a reserve currency over the next few years.

Thursday, November 17, 2022

Marketing of FTX

 Why was an unlicensed platform allowed to market their platform to Singapore residents?

Regulate licensed payment providers

 MAS said that they ensure that licensed payment platforms comply with anti-money laundering and terrorism financing operations and have risk management practices. However, MAS does not regulate these platforms for "safety and soundness".

I am puzzled by this stand by MAS.
Surely, the key duty of a regulator is to ensure that the platforms are operated safely and soundly?
For example, the platform should not use customers' deposits to pay their operating expenses or to invest the deposits in risky investments?
While the regulator cannot ensure that the investments are totally safe, it should carry out regular audits and inspections to ensure that the platforms comply with their internal standards (which they announce to their customers) and to regulatory controls .

Wisdom of the Crowd - New Issues

1. Will Donald Trump win the 2024 Presidential Election?
2. Did Joe Biden hold talks with many world leaders?

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WOTC - Meeting between Biden and Putin

 Wisdom of the Crowd: 79 % of the respondents said that Joe Biden and Valdimir Putin will avoid meeting each other at the G20 summit in Bali.

Wednesday, November 16, 2022

WOTC - G20 summit

 Wisdom of the Crowd: 57 %of the respondents said that President Putin will attend the G20 Summit and meet other world leaders.

Tuesday, November 15, 2022

Wisdom of the Crowd - New Issues

1. What is the key roles of a regulator in a licensed exchange?
2. How can the regulator act against unlicensed exchange?

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Business prospects for Grab

 The business prospects for Grab is quite discouraging. The financials are worse than Uber.

My view on Uber

 I share my views on Uber (ride hailing and food delivery).

WOTC - Debate with Richard Branson

 Wisdom of the Crowd: 40% of the respondents said that Richard Branson does not want to waste his time in debating with minister Shanmugam over the mandatory death penalty. 33% said that he prefers to debate over social media.

Monday, November 14, 2022

My view on Netlink NBN Trust

 My friend asked for my views about this stock. It pays an attractive dividend yield of 5.85%.

I studied the financials of this stock at the Yahoo Finance website.

WOTC - Mandatory death sentence

 Wisdom of the Crowd: 65 % of respondents said that Singapoer should remove the mandatory sentence for drug trafficking and leave the discretion to the judge.

Sunday, November 13, 2022

Advice on a crypto investment

 Six months ago, a friend asked for my advice about a crypto product. He invested in the product and asked for my opinion if it is a good investment.

Wisdom of the Crowd - New Issues


1. Is America putting pressure on Ukraine to enter peace negotiation with Russia?

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