tag:blogger.com,1999:blog-17473688.post113746764939914408..comments2024-03-19T16:38:24.744+08:00Comments on My Singapore News: straits times editorial jokingChua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-17473688.post-1137667672689365182006-01-19T18:47:00.000+08:002006-01-19T18:47:00.000+08:00bulikyre,if you look at the issue strictly from an...bulikyre,<BR/><BR/>if you look at the issue strictly from an economic point of view, it sounds very logical but very confined. i am looking at it from socio economic and political perspectives. this will complicate the issues in many ways and not easy to discuss thoroughly here.<BR/><BR/>applying public policies purely on economic principles can be too harsh and untenable. just look at the Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137656180881551432006-01-19T15:36:00.000+08:002006-01-19T15:36:00.000+08:00To be honest, I think this discussion has reached ...To be honest, I think this discussion has reached a point where self-reflection will be more useful than debate. This will probably be my last post on this subject. <BR/><BR/>I think that your analysis of the foreign talent situation is overly simplistic. I assume it's because you don't have space/time here to go into the details, but obviously salary is only half the equation. The other half is Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137651028997538142006-01-19T14:10:00.000+08:002006-01-19T14:10:00.000+08:00hi bulikyre,to put it simply without trying to wri...hi bulikyre,<BR/><BR/>to put it simply without trying to write 100 pages which will be still subject to different interpretation, lets say a foreign talent is a highly talented individual that earns $20k and above a month. the half talents are those that earn less than this sum. you may want to use $15k also acceptable. for many singaporeans who had been retrenched were once earning this kind of Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137647822603988072006-01-19T13:17:00.000+08:002006-01-19T13:17:00.000+08:00I'm not sure what exactly you mean by "half-talent...I'm not sure what exactly you mean by "half-talent". How do you even measure that against a local "full-talent"? How do you prove that we have too many such foreign half-talents?<BR/><BR/>Whether your starting position is on government, social justice or political (I think you really need to think about it), you ultimately have to weigh short-term gains against long-term ones. That, to me, is theAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137645035305749942006-01-19T12:30:00.000+08:002006-01-19T12:30:00.000+08:00hi bulikyre,first point. i am not against foreign ...hi bulikyre,<BR/><BR/>first point. i am not against foreign talent. it is the massive influx of half talent that is a problem. many of the jobs given to foreign half talents can be given to local talents.<BR/><BR/>my objection is not so much humanitarian or emotional. it is more on government, social justice and public poilicies. what is government for? govt should not exist for its own good but Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137639849949761962006-01-19T11:04:00.000+08:002006-01-19T11:04:00.000+08:00Now, I can see what you're saying about concept ve...Now, I can see what you're saying about concept versus implementation.<BR/><BR/>Let's start from the premise that the concept of increasing efficiency is sound (which you seem to agree with).<BR/><BR/>Now there are two scenarios:<BR/>1. Sound concept + Good implementation = Good results<BR/>2. Sound concept + Bad implementation = Bad/neutral results<BR/><BR/>Let's understand the discussion in Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137633775193046222006-01-19T09:22:00.000+08:002006-01-19T09:22:00.000+08:00hi bulikyre,ya this platform is not convenient for...hi bulikyre,<BR/><BR/>ya this platform is not convenient for a proper discussion. but just as a side interest, didn't want to spend money on a forum format.<BR/><BR/>my reservation and objection to what we are discussing is mainly from the point of implementation in a social political environment. as an economic theory, in a free market condition, i will have lesser objection.<BR/><BR/>when Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137579692586146612006-01-18T18:21:00.000+08:002006-01-18T18:21:00.000+08:00That last post was from me, as you would have gues...That last post was from me, as you would have guessed. This isn't a very good platform for discussion. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137579565420395192006-01-18T18:19:00.000+08:002006-01-18T18:19:00.000+08:00How much new demand will there be for cheaper/bett...How much new demand will there be for cheaper/better hotdogs? Sure, you can argue there's a limit to how many each person can consume a day. However, cheaper prices will also result in <I>more individuals</I> consuming hotdogs. Hence, whether jobs will be lost or gained from the hotdog industry remains an open question.<BR/><BR/>Even if jobs are lost from the hotdog industry, the old question Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137577048935590532006-01-18T17:37:00.000+08:002006-01-18T17:37:00.000+08:00the cost savings of mass production and efficient ...the cost savings of mass production and efficient building processes, cheap labour, land acquisition at rock bottom prices etc in building hdb flats...are they pass down to the consumers?Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137576084535958752006-01-18T17:21:00.000+08:002006-01-18T17:21:00.000+08:00hi bulikyre,i agree with you that in a hypothetica...hi bulikyre,<BR/><BR/>i agree with you that in a hypothetical situation, the concept is sound. this would also require some conditions like matilah has been screaming about. a totally free market and elasticity in supply and demand.<BR/><BR/>the best example of this is the semiconductor and electronic industry when the market is really given a free run, where value is placed on efficiency and Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137573519023993562006-01-18T16:38:00.000+08:002006-01-18T16:38:00.000+08:00First, I think you realize here that the issue of ...First, I think you realize here that the issue of merging jobs and creating redundancy isn't a straightforward "bad idea" or "brilliant idea". So to dismiss the ST editorial (which I didn't read, btw) as a "joke" is a tad hasty.<BR/><BR/>Krugman frequently uses such simplified models to explain complex concepts. Of course, though, we have to understand the limitations and assumptions contained Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137570692684607012006-01-18T15:51:00.000+08:002006-01-18T15:51:00.000+08:00hi bulikyre,welcome to the blog. i read the articl...hi bulikyre,<BR/>welcome to the blog. i read the article by krugman. i fully agree with him and greider. the concept of increasing productivity by taking on more jobs is sound under certain conditions. that's why krugman was talking about a hypothetical situation with certain assumptions, ie a freely unconstraint market where you can increase your supply and productivity and there will be a Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137567062366268172006-01-18T14:51:00.000+08:002006-01-18T14:51:00.000+08:00Redbean, I don't agree with your position in this ...Redbean, I don't agree with your position in this post.<BR/><BR/>You also contradicted yourself, as the CEO example already demonstrates the futility of creating multiple redundant roles.<BR/><BR/>I recommend you take a read at Paul Krugman's article here:<BR/>http://web.mit.edu/krugman/www/hotdog.html<BR/><BR/>It deals with a similar issue, and may change the way you think about this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137487257760900822006-01-17T16:40:00.000+08:002006-01-17T16:40:00.000+08:00hmmmm,i think they are intelligent people and know...hmmmm,<BR/><BR/>i think they are intelligent people and know what they said.Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1137486808022727412006-01-17T16:33:00.000+08:002006-01-17T16:33:00.000+08:00Journalists, next to the politicians who's balls t...Journalists, next to the politicians who's balls they lick, are the scum of the earth.<BR/><BR/>Free press also means free to goreng the people by stating the most outrageous things.Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.com