According to a survey of 1002 workers, 24% of Singaporean workers plan to resign in the first half of 2022. 49% are unsure if they would stay in their jobs. The pandemic looms large over the workforce, with 42% of respondents thinking about leaving their jobs and citing the pandemic as a factor. Other major contributing factors include disliking their current job (49%), increased stress (46%), workload (44%), burnout (33%) and isolation (20%).
As of time of writing, 52000 employees remain unvaccinated against Covid. They will be barred from returning to the workplace starting 15 January. Partially-vaccinated workers have until 31 January to complete their vaccination regimen. If they cannot be redeployed to remote work positions, they risk being placed on no pay leave or being terminated outright. Terminating an employee for not being vaccinated would not be considered wrongful dismissal.
The above is from an article by Benjamin Cheah posted in TRE.
To some this is a good development. It is a good excuse to bring in more cheap labour. And you can be sure the foreigners coming in to replace the daft Singaporeans would all be 'fully vaccinated' and with all the necessary papers to prove that they are vaccinated. And also with all the straight As certificates to boot. The VTL is so efficient in keeping out the unvaccinated and uninfected. Nothing to worry about.
The employers must be very happy. No need to check, don't bother. Can work ok leow. No proper qualifications, fake degrees also can. This is the new Singapore post Lee Kuan Yew. Lee Kuan Yew might be stringent and maintained some form of righteousness and right versus wrong. Post Lee Kuan Yew Singapore, anything goes. Singaporeans, please make way for hungrier and street smart 'good degree and good experience' foreigners to take the jobs that you do not want. Even CEO jobs in the banks, we know Singaporeans did not want and would happily give away to foreigners. Let the clever foreigners have them.
Singaporeans can all resign, no problem. The only problem is how are they going to survive in this expensive piece of real estate and to live to 80 or 90 without a decent job? Be self employed and drive Grabs, be delivery boys and girls, be door guards or door keepers, or be cleaning supervisors? These jobs would not be enough to pay for a flat.
Singapore is not a country but a hotel. Singaporeans can fuck off, foreigners can takeover all the good jobs, can become new citizens. This seems to be the thinking of morons and imbeciles, that a country exists no matter what happens to its citizens. The country is more important than its people.
How to buy or service the super expensive public housing? Oh, can go for rental flats.
I also heard that some 40% of the Ministers and PAP MPs have expressed or hidden intention to resign, unless they have pay increase or get promoted, and increase in Deputies and Minister of States for status purposes.
ReplyDeleteDon't know true or not.
Hearsay evidence cannot be admitted as evidence in a court of law, but can be considered in a court for law and lawless, depending on whether it is based on rule of law or rule by law.
Fake news lar
DeleteVery likely to be true. These are the only few super talents left in Singapore, aka immortals. You can't find any around anymore. If they resigned, then they would have to go to the world to search for foreign talents. Singapore did not have any left.
ReplyDeleteSo pray hard that they don't resign. Pay them whatever they asked for. Start by doubling their pay. Then Singapore would continue to be in good hands. Singapore would continue to be very successful.
Empress Ho
ReplyDeletehttps://m.facebook.com/story.php?story_fbid=1939119979609160&id=100005335308340
Australia has been having record highs of daily new cases that are more than 100,000.
An estimated 70% are Omicron.
States like New South Wales are not just reporting new daily cases at record highs. They are also seeing record daily deaths from Covid.
Hospitals are postponing elective surgeries to clear beds for covid patients, and some states like Queensland are delaying school term re-opening to give time for the kids to be fully vaccinated before they return to school for the new term.
People are rushing to vaccinate, and vaccination centres reported ran out of vaccines.
It is not clear if the deaths in Australia are driven by the smaller numbers of Delta infections, or if they include the Omicron.
However, over in the USA, where they are having about 1 million daily new Covid cases, dominated mostly by Omicron, they are also seeing hospitals starting to be overwhelmed.
And the interim USA data suggest that hospitalisation and deaths continue to be driven by their unvaccinated.
So please vaccinate esp our seniors before it is too late.
Don’t wait till it’s too late.
Don’t wait to regret.
Singapore is not a country but a hotel.
ReplyDeleteA person after my own heart, different although for very different reasons. To me, Hotel Singapore has been a play on "optionality"...it is a long-dated call option and the premium is the cost of living away as well as maintaining a "base".
For close to 50 years, this has worked out wonderfully, however it's come to an end, as the 5,9 & 14 Eyes countries are quickly swirling in the toilet.
I might change the monicker from Hotel Singapore to FORTRESS Singapore. There is a non-zero probability that this mob of "post Lee Kuan Yew" PAP jokers will wreck the nation and screw the people...but so far they're not doing it. I give them 60% rating which is "Not good, but not that bad...yet".
I think you all can relac lah. I doubt the govt is going to open the gates to allow a massive inflow of foreign labour. The spread of COVID in the early days taught a valuable lesson....one "Black Swan" and the "brilliant" govt policy ends up as a real threat to the whole nation. The spread of COVID amongst the "cheap" foreign labour ended up not so cheap, and the country is still paying the bill.
So relac lah brudder.
Top 20 Predictions in 2022
ReplyDeletePart 2 – 1
2022 Prediction (2) – A Turning Point?
The US unemployment rate in Nov 2021 was at 3.9%. PCE core inflation rate came in at 6.2%. To tackle inflation, central bankers need to consider the impact on the unemployment rate and output (GDP) when they “press the money supply button” to raise the short term Federal Fund Rate (FFR) .
Empirically, the downward sloping Short Run Phillips Curve (SRPC) depicts an inverse relationship when plotted in the unemployment-inflation space. When this relationship holds, predictably Okun’s Law (OL) comes into the next “picture” which shows the relationship between unemployment and GDP growth rate.
Linking the SRPC and OL, we get to what matters to individuals, households, firms and governments at large which is the sacrifice ratio aka disinflationary output costs.
As many macroeconomists would know that the original Phillips Curve relationship between unemployment and inflation works well from 1861 till around 1970. The relationship broke down in the 1970s and 1980s. It was later discovered that when plotted in an unemployment-changes in inflation rate space, the downward sloping inverse relationship holds true again using data from 1961 till 2005. This modern Phillips Curve is known as the expectations-augmented Phillips Curve.
Now, why the need to “drag” this into our earlier discussion?
Most importantly the modern Phillips Curve shows a short run trade off in the rate of change of inflation vis-ร -vis change in unemployment rate. There is empirical evidence to support an estimated short run trade-off between unemployment and inflation in the ratio of 2 to 1 assuming inflation expectations remain constant. Based on Okun’s Law, 1% rise in unemployment equates to 2% fall in GDP. Linking both relationship (theoretically) gives a sacrifice ratio of 1% fall in inflation to 4% decline in GDP. Another renowned economist Lawrence Ball gave an estimate of 2.39 instead of 4 for the sacrifice ratio. Why the discrepancy? This is because inflation expectation changes and tends to be lower during disinflationary period.
As we know, the US FED FOMC meeting in Dec 2021 signaled 3 possible interest rate hikes this year (2022). This is where the “problem” is? What is the relationship between change in interest rate and change in inflation rate? In other words, how much and how fast to hike interest rate to lower the inflation rate to the long run target of 2%?
To be continued in Part 2 – 2
Leo 81
Disclaimer: Please do your own research. The comment/ writing above consists mainly of personal opinion or interpretation &/ or to be and must be used by any party for informational purposes only. Any party should take financial advice from professionals in respective fields or do their independent research and verify any information found here for the purpose of investment decision or otherwise.
What Fortress Singapore are you talking about when foreigners are inviting in to take over the island?
ReplyDeleteFortress is to protect the island from being invaded by foreigners, to keep out the foreigners.
Who is this fortress supposed to fend off? Nobody, no one.
Rental flats?
ReplyDeleteIn 2018, I was paying $1,350 for a 4-Room HDB flat, partially furnished.
In November 2021, my rental went up to $2,400 for a 3-room HDB flat, unfurnished.
Crying Out Loud.
@ 1238
ReplyDelete>> What Fortress Singapore are you talking about when foreigners are inviting in to take over the island? <<
Just as Hotel Singapore was a term I applied to myself and circumstance, Fortress Singapore is also a term I apply to myself and my plans starting in 2022.
IMO you have to come up with these things to protect yourself, because---unless you've been sleeping and delusional---the culture in Singapore is based on the immutable tenet of You Die, Your Business mentality. So, that said, I think I better "fortress" myself. ๐ Hopefully that makes sense.
>> Who is this fortress supposed to fend off? Nobody, no one. <<
You make your own "defence" lah. I don't make govt policy, I have no control over that.
What I cannot control, I don't worry about. Keeps my mood calm and free from unnecessary panic, stress and possibly an early death.⚰️ ๐ต๐ซ
I prefer to be positive. And stay cool. The world will never be perfect, but it's also not that bad.
Tempting for SGP ruling elites:
ReplyDeleteIncoming New York Mayor Eric Adams has allowed a bill giving the vote to non-citizens to become law automatically. That’s after the City Council passed it last month.
Non-citizen New Yorkers who have lived in the city for at least a month may legally vote in city elections as of next year, according to a bill which became law.
@ 101
ReplyDeleteRelac lah. Let those crazy Americans do what they do. They have free elections? Good for them.
If you want real change, perhaps think about having real free elections in Singapore.
Then maybe things will change. But it won't. Because politics is derived from culture. And Singapore political culture has evolved to be the PAP's version of Confucianism with Singaporean Characteristics
Politics won't change until the culture does. Since I cannot control either, I don't worry about them.
As long as Singapore starts to rock again, who cares who appears to be in-charge? ๐๐
1. Article writer has very poor analysis skills. His words don't tally with actual real world. Large numbers of people only plan to quit if they're GODDAMNED CONFIDENT of their future. It shows many people have substantial savings, earning power & strong employability. Why do you think the property boom happening? 99% of buyers these 1.5 yrs are locals.
ReplyDelete2. Only a small minority of people remain unvaxed, and a lot of these people are old retirees. The % unvaxed don't match the % thinking of quitting.
3. STOP SAYING LKY IS SO GOOD!!! 100% OF EXISTING POLICIES ARE EITHER STARTED BY HIM OR CARRIED OUT WITH HIS APPROVAL AS SENIOR MINISTER & MINISTER MENTOR.
4. Matilah is kinda correct. PAP won't open leg like in 2000-2011. But it will still open leg. 90 degrees open instead of 180 degrees. Prepare to either work like a cow or learn how to invest to escape.
PS: S'pore population just crossed 5.9M
Earlier reports said population is falling because of Covid. How come crosing 5.9m?
ReplyDeleteEither this 5.9m report is false, or earlier reports were false, or in the last few months they have poured in a few hundred thousands of foreigners into the island to boost up the population.
Which is which?
Someone lying with the numbers.
Incoming New York Mayor Eric Adams has allowed a bill giving the vote to non-citizens to become law automatically. That’s after the City Council passed it last month.
ReplyDeleteThis is what traitors are called. But do not be alarmed, the daft would not do anything. Foreigners to have votes to vote the daft out.
If the Americans can do it, it must be the right thing to do. Americans are always right.
ReplyDeleteThis would be a useful idea for Singapore.
Matilah,
ReplyDeleteBased on your perception or experience, has Oz become more discriminatory against East Asians, whether overt or covert?
Coz your vibes seem to suggest that the allure over there has dimmed for you, alluding to increasing govt control & reduced freedom.
Just want to understand whether if & any increased hostility towards East Asians (or Asians generally) has impacted your thinking as well?
Coz with regards to govt control & freedom, there's no contest between S'pore & Oz. I mean Djokovic is allowed to contest his visa cancellation in Oz court --- in S'pore his ass would be long kicked out already.
Djokovic would be welcomed with open arms in Singapore. He is rich and talented.
ReplyDelete@ anon 126
ReplyDelete>> Based on your perception or experience, has Oz become more discriminatory against East Asians, whether overt or covert? <<
No. That's never been the case, in general. You get racists everywhere...some people are like that, but most people are not. Because racism has an intense negative bias, we tend to over estimate it. We are biased to negativity because psychologically we are wired to survive. Any "threat" is therefore over emphasised.
>> Coz your vibes seem to suggest that the allure over there has dimmed for you, alluding to increasing govt control & reduced freedom <<
Totally. Missing 2 family funerals, not being there in Singapore to grieve and comfort affected me badly. Missing out on the birth of my nephew sealed the deal.
Although I did excellently financially, money is definitely not everything. It is a very distant place from the importance of family and extended family.
>> Coz with regards to govt control & freedom, there's no contest between S'pore & Oz. I mean Djokovic is allowed to contest his visa cancellation in Oz court --- in S'pore his ass would be long kicked out already. <<
Singapore is more predictable than Oz. Australia has become a place of "pretend freedom", "fake liberty" and "broken democracy".
In Singapore it is very clear where the freedoms and restrictions are, so you can plan accordingly. I have no problem with that. I know HOW the PAP is and WHAT they might do. So far, despite all the shit I've received, I would say I've been more right than wrong in "front-running" PAP policy.
Granted, the justice system is more robust and transparent in Oz. However, I am not spending one cent nor one minute of my life trying to fight ANY govt in the court or on the streets or on social media.
The best option is to MOVE. Go to where you are treated BEST. That way you save time, preserve your sanity, security and capital and remove the risk of being hunted down and jailed.
There are many others who reckon their role is to "fight for freedom" and organise revolutions and coups. Good for them. Those things are not in my plans, and I wish those folks the very best of luck!
Aren't you working for them to demonise China? Or they have terminated your contract? Too old and no longer useful. So retired and returning to the hotel you know best.
ReplyDelete@ 257
ReplyDeletePlease, it is now FORTRESS, not a hotel to me anymore.
>> Aren't you working for them to demonise China? <<
Of course not. I write for the fun of it. The "demonising China" is old hat. Whether one is for or against China doesn't matter because none of us can control whatever happens, so it is quite pointless to worry about it.
The biggest threat facing the average person in the world today is the risk of financial ruin and economic pain.
Let's just say that if your personal balance sheet is not "strong", life is going to be very challenging for---in my estimation---5-10 years.
@ anon 126
ReplyDeleteAh, I get it. It has been so far away from my consciousness I've completely disregarded it.
I think you're referring to the diplomatic rift between Australia and China wrt your query about perceived "racism" towards East Asians.
Yeah. As I said before, I don't worry about shit I can't control, and no one of us can control the machinations of any political machinery...regardless of nation or society.
What I can say is that in Western Australia, we are very much pro business, and China is buying our iron ore and other stuff like crazy...even though the market participants have to use "intermediaries" to keep the political children on both sides from "losing face"
At the end of the day, the private sector prevails, because it is where the "average" Joe And Jane Doe works to support their families. They have no time for geopolitical "jungle" behaviour. All they want is enough to live and grow with their kindred, and not get entangled in the sewers of powerful forces.
The average low-medium level govt employee is also indirectly "employed" by the private sector, because it is the private sector which generates all the tax revenue paid to The State so that the govt can function.
People in Australia are sick and tired of their govt trying to tell them how to live their lives. That said, the world is also sick and tired of The 5 Eyes telling them how to run their societies.