Quote:
Originally Posted by Unregistered
In this world, people make money by exploiting other people's time, talents and needs...
Just like to draw reference to the latest scandal of a 16 year old girl being exploited by a pimp to become a underage prostitute to meet the sexual needs of the rich and elite paying "customers".. who were also exploited by the pimp of their cold hard cash.....
The real winner is the pimp who gets a cut of the happy transaction at both ends..
Frankly in todays's working world, the scenario is very much the same..
A buyer(the Employer) willing to pay you(the Employee) an X amount of money for your time and talent every month...
As an employer, you'll definitely wish to pay as little as possible to hire people with the best talent and with the most time to offer to you... If the FTs are willing to settle for less than a local S'porean graduate.. then it's just tough luck for the local grad... At the end of the day, it's about a happy transaction between a willing buyer and a willing seller... Just make sure you are not the one being exploited.. If not.. be the one to be "less" exploited...
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That's the simplistic view of the paper economist.
Things aren't so straightforward if you put politics into the picture: that the government has a responsibility to take care of the citizens; and that foreign workers can retire comfortably back to their home countries.
The main problems:
(1) government takes good care of big businesses and foreigners, more than citizens.
(2) foreigners are willing to work for less because they can save up and be rich when they return home.
(3) at the other end of the spectrum, the rich foreigners push up prices of houses and cars and services.
(4) though some foreigners pay tax, most of them don't need to serve
NS and they have no emotional ties with this country - they can always leave and they always have a backup abode that will welcome them any day, while citizens here have no place else to escape to.