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Old 06-10-2013, 04:51 PM
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Almost none. In fact in Sg, SMEs make profit because they make full use of the 3rd world labour salary and charge 1st world prices for things. They're not even running a business. It's more they're running an organisation to exploit people. That's why in Sg, you can see mediocre people succeeding as business owners (as long as they have rich parents to fund them) and they earn more than they would ever earn for someone of their calibre.

There's no shortage of labour like they're claiming. What they mean is there's a shortage of labour willing to accept 3rd world salaries.
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