Will minimum wage laws work here?

[attitudel]

One arguement I am hearing (not from me but from a friend)

-it will actually result in companies hiring foreigners instead

- companies close down due to increased margins, resulting in higher unemployment for locals

- will result in lower quality work

increased margins and companies still closed down? ermm what talking you?

 

[oreoiceblended]

One arguement I am hearing (not from me but from a friend)

-it will actually result in companies hiring foreigners instead

- companies close down due to increased margins, resulting in higher unemployment for locals

- will result in lower quality work

That is the general counter argument for minimum wage, and it is a general counter for a reason. It is usually correct.

Unless the firms in a country have so much negotiating power to push wages down, minimum wages negatively impact the population that it “protects”, apart from those who get the jobs in the end. People who argue for minimum wage always assume that they will be the one having the jobs rather than the one retrenched because the firm has to downsize the department to keep total wages checked.

 

[kmseow]

if you are pap supporter you will say progressive wage model is better.

If you are opposition supporter you will say minimum wage is better

 

[oreoiceblended]

if you are pap supporter you will say progressive wage model is better.

If you are opposition supporter you will say minimum wage is better

If you’re a business owner you will not say minimum wage is better.
I’m sure there are opposition supporters who own businesses too.

 

[heughoghap]

Rubbish lah. Companies will always give threats that they will close down shud law requires them to pay min wage.

Why ? Coz they are addicted to max profits from cheap labour. Pay min wage means cut into their profits.

Ask these companies how do other countries survive with min wage ? Did their companies all close down ?

 

[sg patriot missle]

U all discuss already then tell me when you are ready

Stop dragging your feet on a minimum wage and make a fugging decision

 

[slashershot]

Ubi best la.

 

[lalalalalala]

It is a conversation that should be held at policymaker level as they have the expertise and data. Jamus is trying to start that conversation but pappies are just asking him stupid questions and talking down to him

 

[Cashflow202]

Look at hk.
Their universal minimum wage, made everything sky high. And people who are less well off, is in worst shape...

It's something when there is income diversity, and it's another thing when everyone below the minimum wage is suddenly raised above minimim wage.

Sent from Xiaomi MI 9T PRO using GAGT

 

[Dracky]

$800-1000 should be able to survive. You are talking about survival, not living in comfort.

 

[cherry6]

Progressive wages less disruptive to economy because government pays the increase.
Also just a few industries involved just enough to give people the impression that gahmen is working.

Minimum wage is corporates pay the increase and is slippery slope situation that the current sweat shop employers are very weary of. Because once opposition gains foothold and demands higher minimum wages in future, they cannot tahan the increase and close shop and gahmen will then have to sponsor/ extend the jobs support scheme, like in a permanent way, even after covid-19 is over.


*****Edit on 7.9.2020. Government doesn't pay for progressive wage model, but just the workfare supplement. But gahmen does sponsor almost 100% of the worker training for corporate sectors covered by the progressive wage model.

 

[Hindsight101]

That is the general counter argument for minimum wage, and it is a general counter for a reason. It is usually correct.

Unless the firms in a country have so much negotiating power to push wages down, minimum wages negatively impact the population that it “protects”, apart from those who get the jobs in the end. People who argue for minimum wage always assume that they will be the one having the jobs rather than the one retrenched because the firm has to downsize the department to keep total wages checked.

Company also has to pay rental, and like us CPF, GST and COE and so on.

If we do not install a rent control act , just putting up min wage alone will only lead to retrenchment and shutdown.

 

[CaptainTeo]

Got commission for Kopi order?
I am always curious to know...

Dun have. No commission

 

[oreoiceblended]

Progressive wages less disruptive to economy because government pays the increase.
Also just a few industries involved just enough to give people the impression that gahmen is working.

Minimum wage is corporates pay the increase and is slippery slope situation that the current sweat shop employers are very weary of. Because once opposition gains foothold and demands higher minimum wages in future, they cannot tahan the increase and close shop and gahmen will then have to sponsor/ extend the jobs support scheme, like in a permanent way, even after covid-19 is over.

Careful...
later you get called IB

 

[Konnichiwa]

$800-1000 should be able to survive. You are talking about survival, not living in comfort.

Survival mode is dangerous...
There’s a term called reduced cognitive bandwidth...

 

[Nevereatrice]

The real reason why PAP is so against stinkiest from having minimum wage Is because

They scare sinkies will become lazy.

 

[Hindsight101]

They scare sinkies will become lazy.

No amount of hardwork by sinkies can compensate for lazy landlords.

 

[oreoiceblended]

Company also has to pay rental, and like us CPF, GST and COE and so on.

If we do not install a rent control act , just putting up min wage alone will only lead to retrenchment and shutdown.

I don’t think rent is a substantial part of costs for most firms that operate in Singapore. Rent may be high, but the firms that can afford it here anyway are making big bucks. It would not be significant. Plus, wouldn’t that reduce government revenue?

 

[Hindsight101]

I don’t think rent is a substantial part of costs for most firms that operate in Singapore. Rent may be high, but the firms that can afford it here anyway are making big bucks. It would not be significant. Plus, wouldn’t that reduce government revenue?

Firms that make big bucks here probably will not be hiring Sinkie which is the reason for so many ongoing debates.

Governement can save huge amount of expenditure by not dumping money into the sea in the first place. What's the point of making Pulau Tekong 5 times its original size?

 

[Kaypohji]

I think ultimately it depends on the reasons why companies are now setting up in Singapore instead of other neighboring countries

Because if we were to compete on lowering wages, we can never be lower than Malaysia, india etc

So I feel the crux is to find what makes them willing to stay at Singapore in the first place ?

Even sg no minimum wage, companies have been shifting ops overseas but not completely. What stop them? That’s the bargaining power of sg and its people

If we were to compete in wages like I said it is a slippery slope too. With our high cost of living, inflation has eat up on a lot of purchasing power and also there is income inequality etc. and our wages can never be lower than Malaysia etc

Progressive wages less disruptive to economy because government pays the increase.
Also just a few industries involved just enough to give people the impression that gahmen is working.

Minimum wage is corporates pay the increase and is slippery slope situation that the current sweat shop employers are very weary of. Because once opposition gains foothold and demands higher minimum wages in future, they cannot tahan the increase and close shop and gahmen will then have to sponsor/ extend the jobs support scheme, like in a permanent way, even after covid-19 is over.