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3/02/2010

Can we accept 3% productivity growth?

With the best talents in the world, in monetary terms of course, can we accept 3% productivity growth as our target? I believe we are not paying peanuts for average talents. And we have been told that the last few years of growth were contributed by the foreign workers. And should we be happy and claim to have done well if we can get 2% or 2.5% growth? I am still pondering over this very ambitious goal of 3%, like climbing Mount Everest. Didn't I say that a char kway teow stallholder could increase his productivity by 17% if he raises his price by 50c? Maybe we are being modest and by the end of next year we will declare an achievement of 8%.

8 comments:

Anonymous said...

Redbean,

Someone told to me that a broking house has resorted to stealing clients from remisiers. Is this true?

Or is this the new way to increase productivity?

Anonymous said...

Redbean,

Someone told to me that a broking house has resorted to stealing clients from remisiers. Is this true?

Or is this the new way to increase productivity?

Chua Chin Leng aka redbean said...

I have heard something like that. Some remisiers are so stupid that they did not know that their clients are theirs unless given to them by the company. And if they do not know how to protect their clients and ricebowls, they deserve to lose their clients.

On the other hand it is very unethical for any broking house to do such a thing. It is low down mean and disgraceful.

Chua Chin Leng aka redbean said...

I may add, remisiers are sub contractors unlike company dealers. They are not employees.

Anonymous said...

Erh, not so ambitious. Otherwise why are people speculating about the 8.8% increase in minister's pay. Their productivity must be well above the common people to justify that. Or they use a different benchmark from slaves. Just give a number, no one can tell. Or even ask.

Matilah_Singapura said...

The number one heuristic is wealth creation. Is (created) wealth being created? Is there real return on capital, capital appreciation and capital protection?

If the answer is "yes" then you will probably see that productivity has increased also. If it hasn't, why bother? At the end of the day: "how much money are you really making?"

The classic accounting number don't lie. Unless they are put out by an investment bank :)

Anonymous said...

Dear Sir;

Why climb the mountain when You can reach over it with an helicopter.
Those guys have helicopter views because they never have to climb the mountain, they are lifted up above it.

Chua Chin Leng aka redbean said...

I am waiting for the full text of Swee Say's speech in parliament yesterday.