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%.