help to check photgrapher leh....
so all clubsnapper can go chiong there...
minimum bus fares inGot check out the Gini Coefficient of us and them? not same hor by a lot! What it means roughly is this...
For eg.
In SG:
Bus fare: $1
Bus driver get :20 cents of $1
Bus company gets 80 cents of $1
In Finland (ang mo countries)
Bus fare: $1
Bus driver get: 40 cents of $1
Bus company gets 60 cents of $1
Money is not distributed as evenly in Singapore as in other ang mo countries.
Country | Local Currancy | S$ Equivalent |
Norway | 30.00NOK | 6.41 |
Denmark | 24.00DKK | 5.26 |
Finland | 1.84 | 3 |
Sweden | 22.00SEK | 3.93 |
help to check photgrapher leh....
so all clubsnapper can go chiong there...
minimum bus fares in
(compiled from various sources on the web)
Country Local Currancy S$ Equivalent Norway 30.00NOK 6.41 Denmark 24.00DKK 5.26 Finland €1.84 3 Sweden 22.00SEK 3.93
maximum possible bus fare including transfers in Sg S$1.96... whatever the Gini, that is a huge increase in revenue... and once fixed cost such as fleet maintenance and reinvestments are taken into account, and these do not rise with increase of fares, it would actually be easier to improve on Gini numbers (ie. cost of spares and buying new buses do not need to be increased with fare increases, so with steady capital costs, increases in revenue can go directly to increase in pay and thus actually benefit Gini numbers)...
and my point is not to say that cost of living in those places are high, just that the higher wages are funded by higher costs (ie. to pay people more, their services have to cost more as well, which actually is also one form of increasing productivity at least in money terms)... something has to giveWell, to be fair, in reference back to the article, Prof Tommy Koh was making a few points - it started with comparing the per capita income, which was comparable across all the countries. The Gini was then brought in, along with the wages of cleaners and bus drivers. I believe his intended takeaway was that there was a need to push up the wages of the low-wage workers - be it through minimum wage, reduction of cheap supply of foreign labour, etc..
The trouble is that I keep seeing a load of people just zooming in on the wages of the low-wage workers (cleaners/bus-drivers) and missing the point altogether. I don't think the intention is to say that the wages overseas are very beautiful and great, but that seems to be a rather popular takeaway. :bsmilie:
and my point is not to say that cost of living in those places are high, just that the higher wages are funded by higher costs (ie. to pay people more, their services have to cost more as well, which actually is also one form of increasing productivity at least in money terms)... something has to give
and my point is not to say that cost of living in those places are high, just that the higher wages are funded by higher costs (ie. to pay people more, their services have to cost more as well, which actually is also one form of increasing productivity at least in money terms)... something has to give
minimum bus fares in
maximum possible bus fare including transfers in Sg S$1.96... whatever the Gini, that is a huge increase in revenue... and once fixed cost such as fleet maintenance and reinvestments are taken into account, and these do not rise with increase of fares, it would actually be easier to improve on Gini numbers (ie. cost of spares and buying new buses do not need to be increased with fare increases, so with steady capital costs, increases in revenue can go directly to increase in pay and thus actually benefit Gini numbers)...
"restructuring" meaning driving down management pay to boost rank and file pay?... are the standards of pay of the management in the public bus operators in Singapore higher than those of the four countries cited?... if not, increasing rank and file pay to the standards of the four countries while management pay sags below that of the same four countries, is that really equitable?...Something has to give and dont think that prices are the only way. Wage restructuring can 'give' as well.
let me phrase that better: a change in the bus fare to those standards of the four countries cited from our current standards, coupled with a more or less constant ridership (there's no cheaper transport option is there, besides walking and cycling, of course assuming rises also in train and cab fares to match those of the cited four countries, which would allow higher pay for those in their respective industries), would be "that" huge increase in revenue"whatever the Gini, that is a huge increase in revenue"
what does 'that' referring to? I only see prices as you listed.
yes, possibly everyone else's wages... so if our fare structures are as high as those countries and we still pay our bus drivers at the current rate, then the public bus operators really have nothing much with which to defend their rate of bus driver pay"can go directly to increase in pay and thus actually benefit Gini numbers)..."
Well they can go to wages. Senior Management bonuses are also wages arent they?
RubbishBin1987 said:Time to move to norway and get a temp roof over my head for 3 years there. I will ask my family in singapore to mail me instant noodles to save cost on meal. Then i transfer $$$ back for my family to build a nice house in m'sia and we move there to stay. While i work traveling pass the causeway everyday.
Joke aside, the cost of getting a roof over our head is 1 thing. The thing i am more worried about is our cpf. How much faith do you guys really have to say the savings inside are safe. Ever think if there is a chance like the 1 below?
"sg people are getting good medical benefits and as such, people are living longer and longer. We have a compulsary plan for you as one of those chosen to be able to divide your saving into 70years (130-60) given to you each year a part of your saving till you reach 130years old."
diver-hloc said:Should the pay of our lower income worker be rised dramatically.... how do you think the higer cost will be offset ?? Anyone here wants to bet S'porean will be lining up to complain about the higher cost for transportation, HDB Cleaning charges, coffee price... etc.
It all depends on who gets the raise and but how much. If we confine ourselves to the lowest salary group, then the impact can be contained. For one drawing $800 a month, a $200 increase to $1000 would be a drastic 20% pay raise. But such a person will most likely be working in an area that accounts for a tiny fraction of the Consumer Price Index. Of course, we need to prevent their bosses from using it as an excuse to jack up prices.
I truly have no idea if people from Denmark, is or is not, the happiest in the World... or anyway else in this World.
Bhutan is the happiest in the world ... so that's taken
In the late 1980s and early 1990s, the country expelled or forced to leave nearly one fifth of its population in the name of preserving its Tibetan Mahayana Buddhist culture and identity.[32] The Lhotshampas, the ethnic group persecuted by the Bhutanese government, were subject to "harassment, arrests and the burning of ethnic Nepali homes."[33] The government enacted discriminatory citizenship laws against the Lhotshampas, stripping about one-fifth of its population of citizenship. A harassment campaign escalating in the early 1990s ensued, and afterwards Bhutanese security forces began expelling people after making them renounce claims to their homes and homeland. A refugee recounted, “The army took all the people from their houses. As we left Bhutan, we were forced to sign the document. They snapped our photos. The man told me to smile, to show my teeth. He wanted to show that I was leaving my country willingly, happily, that I was not forced to leave.”[34] Due to the violence, Bhutanese of Nepali origin, mainly Hindu, fled their homeland. According to the UNHCR, more than 107,000 Bhutanese refugees living in seven camps in eastern Nepal have been documented as of 2008.[35] After many years in refugee camps, many are now moving to host nations such as Norway, the United Kingdom, Australia, and the United States as refugees. The United States has admitted 30,870 refugees from fiscal years 2008 through 2010.[36] Still, in July 2010, the Bhutanese prime minister, Jigme Y Thinley, called the Bhutanese refugees illegal immigrants.[37]
Bhutan is the happiest in the world ... so that's taken
I take the whole Gross National Happiness thing with a large tablespoon of salt, esp with regards to Bhutan.
It all depends on who gets the raise and but how much. If we confine ourselves to the lowest salary group, then the impact can be contained. For one drawing $800 a month, a $200 increase to $1000 would be a drastic 20% pay raise. But such a person will most likely be working in an area that accounts for a tiny fraction of the Consumer Price Index. Of course, we need to prevent their bosses from using it as an excuse to jack up prices.
Also, many in the manufacturing and construction industry use cheap foreign labour. This is not reflective of the true cost of their products. Having a multinational set up a factory here that employs 80% foreign labour at $800 a month so that they can sell cheap to the world is not the way we should go. It is something like borrowing from Ah Long to make your wedding look grand - if you can't afford it, then do something else.
And yes, we need construction workers here to build our house and factory. But this industry is addicted to cheap labour, and in any case the cost of construction is small compared to the price of the land and the developer and housing agents' profit margins.