‘Someone wrote to Gilbert Goh saying that he lost his 150k a year job to a FT prepared to accept 40% less. Losing my job was brutal for me financially since I am paying for 2 properties and a car.
I also have a S$100K unsecured loan debt which I took on to pay the deposit for my second home. My wife isn’t working and I have school going children. The first thing I did was to adjust my salary expectations up to 50%. Within 1 week I have applied to almost 500 jobs but none of them successful or called for an interview’.
Cynical Investor was asking whether we should feel sorry for him. Many in TRE were asking who did he vote for in the GE. Who do you think such successful, highly paid Singaporeans would vote for? Given their high income, good jobs, good pays, landed properties, cars, my guess is that they must be very comfortable with the system and would not want to have any change. To them the govt have done a marvelous job and giving them a Swiss standard lf living.
No need to ask or guess who they voted in the last GE. And many would continue to vote the same way until they hit a hard wall like this guy and came crawling to Gilbert to vent their frustration and desperation. But what can Gilbert do other than to lend them a listening year?
The few places they could hope to be helped in the job banks started by MOM or to go to NTUC for more skills upgrading so that they can become a waiter or something like that and be very grateful for being helped.
I bet many of these high earners would sneer and shrug it off as one bad luck case as they go about getting their fat pay, until they ended up in the same shit. Life is too good for the high earners that they would not think that this kind of things could happen to them. Not to worry, it would be someone else, never ‘Me’.
How many PMETs must be grounded, driven to despair before the walking dead wake up and say no more? How, big earners, would you be next to write to Gilbert? For everyone that went crying to Gilbert there could be 10 that resigned to their fate, remaining jobless or underemployed. There would also be another 10 or 20 going to attend skills upgrading courses conducted by NTUC so that they could get a new job paying 10 or 20% of what they used to get.
Mind you, this is the career path for many high earning Singaporeans. It is only a matter of when will be their turn. 不见棺材不流泪