Poor working class - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Poor working class

Reply
 
Thread Tools
  #1 (permalink)  
Old 04-06-2007, 10:59 PM
Salary.sg
Guest
 
Posts: n/a
Default Poor working class

A letter to the Straits Times Forum today paints a rather bleak picture of the state of economy for the working-class Singaporeans.

Basically, the writer contended that Singapore ranking just above Second and Third World countries based on GDP does not bode well for our future. Also, the net salaries of other major Asian cities will likely surpass Singapore.The writer based his conclusions on a PricewaterhouseCoopers (PwC) report. I'm not sure which one, but there's a recent one called "Cities of Opportunity: Business-readiness indicators for the 21st century" which ranked Singapore rather poorly in many aspects.

I took a look at that PwC report.

The study compared 11 global cities - Atlanta, Chicago, Frankfurt, London, Los Angeles, New York, Paris, Shanghai, Singapore, Tokyo, and Toronto - using "9 indicators and 32 variables."

Note that Shanghai, Singapore and Tokyo are the only 3 Asian cities covered. Other big Asian cities like Hong Kong and Taipei are not included in the study.

The report has this to say of Singapore:
Quote:
"... so-called emerging cities such as Shanghai and Singapore and ... Atlanta and Toronto pose serious challenges to the reigning global powerhouses."
And that's probably the only nice bit.

These are Singapore's rankings:

- 2nd last for intellectual capital. We have zero Nobel prize winners and we have the least (absolute?) number of people with higher education, among other shortcomings. "A city’s intellectual capital is key to its business readiness," so says the report. But to be fair, the report did anticipate that "emerging cities" like Singapore will experience a "brain gain" in future.
- Last for technology IQ and innovation. Oops. We did badly in patents, high tech services employment and Internet users on broadband (is PwC sure of this one?).
- 7th in transportation assets. To do better for this one, we need more passenger flows.
- 3rd in demographic advantages. Ah, not too bad on this one. We did well in terms of working-age population over total population.
- 2nd last for financial clout. We are way behind in domestic market capitalization and having global 500 headquarters.
- 8th for cost. Only London, Paris and Tokyo are more costly than us. Also, our purchasing power is very weak among the 11 cities.
- 2nd last for lifestyle assets. We lost out in entertainment and recreational space.
- 5th for safety and security. Although we are tops in low crime statistics, our lack of hospital beds is a bugbear.
- 1st for ease of doing business. Finally, we have a top spot!


http://www.salary.sg/2007/poor-working-class/

Reply With Quote
  #2 (permalink)  
Old 05-06-2007, 03:17 AM
goodshow---
Guest
 
Posts: n/a
Default 173

That's why our gov is simple minded, thinking that their millions of salary is justified because they know best ! They focus on business attractness which get first, but did they ever wonder that by focusing on other factors, it naturally bring about attractive in Singapore that it business-attractiveness ?

Reply With Quote
  #3 (permalink)  
Old 25-03-2016, 01:04 AM
Unregistered
Guest
 
Posts: n/a
Default

bad life, good life, cannot compare.

Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »

Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


» 30 Recent Threads
Freight Forwarding industry --...
0 Replies, 64 Views
Constituency Manager (People... ( 1 2 3... Last Page)
580 Replies, 284,683 Views
Lawyer Salary ( 1 2 3... Last Page)
3,505 Replies, 1,090,796 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,020 Replies, 460,585 Views
NUS working environment and pay... ( 1 2 3... Last Page)
46 Replies, 28,898 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
1,821 Replies, 622,760 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,224 Replies, 363,309 Views
Compare civil service salary ( 1 2 3... Last Page)
7,176 Replies, 3,915,943 Views
ExxonMobil...
3 Replies, 834 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,324 Replies, 285,283 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,236 Replies, 998,840 Views
Changi Airport Group ( 1 2 3... Last Page)
346 Replies, 226,720 Views
Has anyone heard of KSB Singapore?
0 Replies, 128 Views
Micron fresh grad salary
2 Replies, 1,456 Views
Advice needed (Career change)
5 Replies, 527 Views
Job Application with MOE... ( 1 2 3... Last Page)
161 Replies, 128,846 Views
ST Electronics ( 1 2 3... Last Page)
180 Replies, 71,750 Views
Signed contract, but pending...
0 Replies, 276 Views
how to handle one offer and...
2 Replies, 413 Views
Queries about Cpib application ( 1 2 3... Last Page)
885 Replies, 323,030 Views
Ministry of Transport Queries
2 Replies, 275 Views
Capitaland Graduate Development...
8 Replies, 11,114 Views
Siemens engineering graduate...
2 Replies, 594 Views
Direct Contract vs External...
3 Replies, 317 Views
JP Morgan ( 1 2)
16 Replies, 7,884 Views
Career as Teacher ( 1 2 3... Last Page)
1,157 Replies, 825,283 Views
N/O Level Holder ( 1 2 3)
29 Replies, 12,673 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
736 Replies, 472,570 Views
Starting business as civil service
4 Replies, 676 Views
SAFVC benefits
3 Replies, 709 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:07 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2