6/13/2007

Real wage increases by 3.5% last year

This is according to a Duke University/CFO Magazine survey. The increase, after correcting for inflation is only 3.5%. Whose salary is the survey using? A driver or a sweeper? Another problem is that productivity increases by only 1.2%. Such a huge discrepancy is a sign of trouble. This is untenable. How can wage increase outstrips productivity by 200%? It is like someone spending $3.50 but earning $1.20. Something must give.

First Nets, then Starhub

Both have long standing contracts with their customers, more or less tying them down in a way. Then comes the increases. And according to Starhub, this is market practice and the contract allows them to change the terms and conditions. Sure. Can such a practice continue to be allowed to go on? An equitable contract should be one that ties the parties to terms that both agree to at the moment of signing the contract. How can another party conveniently include all the empowering clause to allow it to change the terms of the agreement to his advantage and the other party cannot walk away with it? We have a lot of such contracts being signed. Some may be justifiable, eg long term housing loan that are affected by changes in interest rates. But all these short term contracts, when the variables are quite predictable and can be built into the contract, should not be allowed to have all the freedom to change according to their whims and fancy. This will put the other party at the mercy of the one sided contract. Yes, Case is right this time to step into the fray. Rip Van Winkle has awaken after all the years of sleeping. I mean Singaporeans in general, to their rights and start thinking.

6/12/2007

nkf story - durai the man

Durai face his justice like a man Now that Durai had appeared in court to face justice squarely, the disappearance of Richard Yong will become more embarrassing and untenable politically. It is not only a problem of law enforcement and the credibility of our justice system, it has political ramifications. People are going to ask why and how come Richard Yong could get away. And the questions in people's mind can become more sensitive in nature. For the good of the system and peace of mind, Richard Yong must be brought home to face his just desert like every one of them. I do not know any one of them and am not posting this for personal reasons. It is all for the good of the country and the system.

Potential for xenophobic tension

Today, the current population ratio is about 1 foreigner to 1 citizen. When the 6 million figure is reached, it is likely that there will be 2 foreigners to every citizen. To some who have little contacts with foreigners, it is acceptable, healthy, and good for the economy and even suggestions that without foreigners we will be doomed. For those who have to face the foreigners daily in all his living activities, when every citizen has to fight for his space and the air he breathes, tension is likely to build up and break out. At the moment if one commutes by public transport, there is likely to be more than 1 foreigner, maybe 2 to every citizen. For not all citizens take public transport but all foreign workers and students do. The ratio in public facilities will see more foreigners than citizens. And when the time comes, when 6 million came, there will likely be 8 foreigners to every 2 citizens in the train and buses. And it is conceivable that all the younger, burly, dirty and smelly foreign workers will be seating and the minority citizens will be standing and being squeezed beyond their comfort zone. The current state of affairs in the mrt is that the foreigners are rushing and competing for every seat they can get in the train. There is no differentiation or consideration that these healthy young workers could take the punishing journey standing. They would rather sit. Imagine the day when the crowded trains have all the foreigners seating and all the citizens, a minority, having to stand in their midst. You can bet an outcry to come from the citizens complaining about losing their space and air to foreigners. But for those who commute by the comfort of their private limousines, these are minor irritations that the peasants and workers must bear. It is good for the country.

6/11/2007

IMH in the red

Now this is unbecoming. It is time to relook at the costing and turn this around into a profit making organisation. IMH said it has 1,600 patients with 300 staying more than 10 years. How about encouraging them to discharge early? Its $9 million budget is a big strain. What is the budget of NKF? Or what is the budget for Changi prison? Should we also be worried about the high cost of operating a prison and turn in into a profit making organisation. Maybe they have already done that, with the prisoners working in some capacity. But hey, human rights groups would protest against selling their products. I am trying to think whether it is a problem for the govt to subsidise IMH. Oooh, touching on something sensitive, subsidy or is there a better word for it? Some of these patients, like the chronically sick or disabled, may have families who can afford to pay for their upkeep. Some may have financial difficulties paying for their lifestyle. Hmmm, terminating them, though a more efficient and practical solution, will definitely be unacceptable under any circumstances. So how? Maybe displaying them on TV and extract some emotional juice and sympathetic donations for their upkeep. An exceptional talent is needed to look at how to look after them without stressing on the state budget. How much does it cost to subsidise the durians or to encourage sports as a lifestyle? Living as a mentally ill patient is a lifestyle not of choice. But it is a way of living to them.