Tuesday, August 16, 2011

LHL's 'Singaporeans First' Policy is Cynically Dismissed

Singaporeans must see if they get the "first" in jobs or "first to pay higher flat prices", last in jobs as usual. The super high flat debt for flat buyers is a REAL time bomb, while job salaries for PMET are kept stagnant intentionally targeted by the Foreigners "first" policy, "built in" by cpf laws. Foreigners dont need to pay employer CPF 15%, unemployed foreigners free flow into Spore naturally will take away citizens's jobs whether from seekers or current employees. Its employers' choice as NO CPF for them, and they apply thro internet. Citizens will not see the process including employment passes issuing.

When citizens were being retrenched, jobs seekers were unable to secure jobs due to free flow of foreigners in past 5 years, the standard replies from the minister in charge of employment passes were: "passes were issued to jobs that singaporeans did not want to do". Same replies from all the MPs when asked. In other words, they can tell people openly one thing, but the real action may not match. It reflected that either the top has no real power to channel the decree to the bottom or there is one version for the public to know, one version for the lower MOM executives to execute.

This century is the real test for singapore: the new flat buyers/singaporeans are paid $3k pm stagnant salary, (to pay) for $500k flat on loan for 30 yrs. The monthly debt fixed payment is at least $2.6k excluding others. There will not be CASH savings for the next generations to live, as CPF is locked up for medical bills when they are old. There will be less for education for kids especially tertiary level, as scholarships are given to foreigners kids more than local kids.

Decay in society will be unnoticed but in place for this kind of cash short situation for massive households. Families may not have enough to feed kids while paying high debt, and they cannot pay for kids higher and higher local tertiary education, resulting teen kids leaning towards bad companies or secret societies.

This slow decay is brewing for next century, if salary is still kept stagnant like the past 10-15ys.

If this "foreigners first" policy continues to run as what happened in past 5 yrs, Spore can easily be next London on fire in years to come. Its heading for the dangerous zone: higher flat debts, higher costs for foods, electricity water, education, transport, lower salaries or slower increase in salaries, higher S$ (cannot curb inflation but hurt export, inflation is caused by foreigners influx) all these are indicators for big big troubles for this peaceful society.

Ask why singaporeans need to feed unemployed foreigners first in employment? Its the CPF laws that push employers to hire foreigners, and they issue passes to match employers demand.

Are singaporeans really first in employment? Singaporeans have to watch closely, verify the facts and do not assume from words/promises. Its a trap down the cliff 10-15 yrs down the time line if they continue the high debt low pay policy. Think about it.

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