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28-10-2016, 10:50 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
SINGAPORE — The “golden decade” when Singaporeans enjoyed good wage increases year in, year out is over.
For salaries to continue growing, it is not enough for the economy to simply generate a constant flow of ideas — it has to intensify the process and ensure more “indigenous innovation” is created year after year, starting with rejigging the education system.
These were the arguments put forth yesterday by some experts at a forum organised by the Economic Society of Singapore and the Singapore Management University.
During a panel discussion on the future of the Singapore economy, United Overseas Bank economist Francis Tan noted that wage aspirations have to be tempered amid slowing productivity gains.
http://www.todayonline.com/business/...tion-intensity (http://www.todayonline.com/business/salaries-wont-rise-unless-spore-builds-its-innovation-intensity)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?237008-Salaries-won-t-rise-because-S-poreans-not-creative-lah-not-because-FT-steal-jobs&goto=newpost).
SINGAPORE — The “golden decade” when Singaporeans enjoyed good wage increases year in, year out is over.
For salaries to continue growing, it is not enough for the economy to simply generate a constant flow of ideas — it has to intensify the process and ensure more “indigenous innovation” is created year after year, starting with rejigging the education system.
These were the arguments put forth yesterday by some experts at a forum organised by the Economic Society of Singapore and the Singapore Management University.
During a panel discussion on the future of the Singapore economy, United Overseas Bank economist Francis Tan noted that wage aspirations have to be tempered amid slowing productivity gains.
http://www.todayonline.com/business/...tion-intensity (http://www.todayonline.com/business/salaries-wont-rise-unless-spore-builds-its-innovation-intensity)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?237008-Salaries-won-t-rise-because-S-poreans-not-creative-lah-not-because-FT-steal-jobs&goto=newpost).