Am i a low income worker?

[sammyboyfor]

Originally Posted by kuasimi

I only posted the youtube links. But you deleted even those with pictures only. Silencing people is what Singaporeans dont need.

You are not being silenced. If you want to start your own thread with all that garbage you have been posting, please go ahead.

Those who want to read the stuff can then click on that thread for their daily dose of your wisdom.

Your spam is polluting other threads and it isn't welcome as it's a disruption.

However, you are free to compose your own opinions just as other people have done.

[MoJoe313]

Originally Posted by BMW69

As for MoJoe, having a household income of $10+k 10 years ago would put you almost in the 90th percentile! Your family would be earning as much as or more than 88.3% of Singaporeans. That is categorised as high income if we continue to categorise income levels by quartile. However, in 2014, a family income of $10+k would only put you near the 70th percentile (68.1%). Does this explain why you feel that you are getting less for your money nowadays?

You should ask yourself why your wages have stagnated over time and think about what you can do to be back near the 90th percentile (earning $17500 to $19999 a month). I also think that you might be slightly disadvantaged because of your current family situation (low income per capita due to your parents living with you). While I applaud that you're doing your part as a filial son and taking care of your parents, you have to understand that it does put you in a slightly different position compared to other Singaporeans who don't have to contribute so much to their parents.

You have more or less summed it up.

I can understand external factors like U.S. Quantitative Easing, low interest rates and China. What I cannot understand is instead of putting quotas on employment pass holders, we put quotas on work permit holders. We need workers to sweep our floors, clean tables. Not the $4-12k bracket which locals aspire to after they upgraded, but now find elusive.

So a flood of unrestricted P1, P2 passes jacked up cost of living.

[KiaMLX]

Oei kuasimi

This is not your thread.

[MoJoe313]

Originally Posted by BMW69

Fun facts, since I'm so bored.

The PAP old guards consisted of people such as:
1. Lee Kuan Yew (LSE and then Cambridge)
2. S. Rajaratnam (King's College)
3. Toh Chin Chye (UOL)
4. Goh Keng Swee (LSE)

I'm so glad that they were not scholar material otherwise they would do as bad as the current crop of scholars. Of course, LKY didn't get a scholarship to study in UK. He went there with whatever money his parents no longer had. How peculiar.

I love the old guards. They did sterling work. Each a colossus. Wish I could say the same for the current batch. The difference? Ethos and altruism. The old guards were never in it for themselves.

[AAdam]

Originally Posted by BMW69

Fun facts, since I'm so bored.

The PAP old guards consisted of people such as:
1. Lee Kuan Yew (LSE and then Cambridge)
2. S. Rajaratnam (King's College)
3. Toh Chin Chye (UOL)
4. Goh Keng Swee (LSE)

I'm so glad that they were not scholar material otherwise they would do as bad as the current crop of scholars. Of course, LKY didn't get a scholarship to study in UK. He went there with whatever money his parents no longer had. How peculiar.

The smilarities among these few people are that they are highly intelligent or academically inclined. If they are born in this time and age, I have no doubt that they are of good scholar material.

[kuasimi]

Originally Posted by sammyboyfor

You are not being silenced. If you want to start your own thread with all that garbage you have been posting, please go ahead.

Those who want to read the stuff can then click on that thread for their daily dose of your wisdom.

Your spam is polluting other threads and it isn't welcome as it's a disruption.

However, you are free to compose your own opinions just as other people have done.

I got nothing agianst you. But you even deleted Posts from my own threads with no youtube links.

You deleted my replies to BMW69 to rebut his lies on WP and WP TCs with evidence. That is a kind of silencing. Sad.

[BMW69]

Originally Posted by MoJoe313

You have more or less summed it up.

I can understand external factors like U.S. Quantitative Easing, low interest rates and China. What I cannot understand is instead of putting quotas on employment pass holders, we put quotas on work permit holders. We need workers to sweep our floors, clean tables. Not the $4-12k bracket which locals aspire to after they upgraded, but now find elusive.

So a flood of unrestricted P1, P2 passes jacked up cost of living.

Because we try our very best to hire locals as much as possible, I am not very familiar with the different types of passes and what the government is doing to stem the flow of foreign workers. However, I know that Employment Pass holders may seem to "cheaper to employ" at first but are more ruinous in the long run.

It is true that Employment Pass holders command about 20% less than locals (we can pay a PRC $5000 in a managerial role while the local workers under him is earning more than that) but the PRC manager doesn't give two hoots about what's going on under him. They are more easy-going when signing off changes to contractual obligations with outside vendors and customers and try their very best to cheat or embezzle from the company "legally". When they are being investigated internally, they just pat their backsides and F off back to wherever they came from. One or two of them may even come back to Singapore under the employment of another firm. Hence, we have decided on hiring locals as much as possible and only hiring Employment Pass holders when we really can't find locals who fit the job scope.

So hopefully the MNCs out there will realise this soon and stop hiring EP holders. After all, Singapore's most valuable asset is local talent.

[BMW69]

Originally Posted by AAdam

The smilarities among these few people are that they are highly intelligent or academically inclined. If they are born in this time and age, I have no doubt that they are of good scholar material.

I'm sorry bro, I should have made it clearer that I was being sarcastic in that post. LKY went to UK on a scholarship because his parents were too broke to send him at that time. Hence, he was a scholar. Also, I am grateful that the old guards were of scholar material. What they did for Singapore cannot be put down in words.

[AAdam]

Originally Posted by BMW69

I'm sorry bro, I should have made it clearer that I was being sarcastic in that post. LKY went to UK on a scholarship because his parents were too broke to send him at that time. Hence, he was a scholar. Also, I am grateful that the old guards were of scholar material. What they did for Singapore cannot be put down in words.

Oh I see...Thanks for the clarification and my apology for mis-interpreting.
You are absolutely right in what these old guards did for Singapore.

[kuasimi]

Originally Posted by KiaMLX

Oei kuasimi

This is not your thread.

Noted. Be prepared to remain low income all your life since you do not want to find out the root source to your situation.

[BMW69]

Originally Posted by MoJoe313

So a flood of unrestricted P1, P2 passes jacked up cost of living.

Actually, it just hit me! The data provided by SingStats comprises of only Pink and Blue IC households. EP holders do not contribute to that data. You get what I'm saying?

[BMW69]

Originally Posted by kuasimi

So what scholarship did LKY receive? You big cannon before about showing Minister Vivian's payslip but never show.

You are right. My apologies. Mrs Lee went to UK on Queen's scholarship. Mr Lee went on his family's savings.

[KiaMLX]

I have not time for your video.

Originally Posted by kuasimi

Noted. Be prepared to remain low income all your life since you do not want to find out the root source to your situation.

[KiaMLX]

The answer is;

I am a low income worker if i am greedy.
I am a medium income worker if i manage my financial properly



Yes. I am greedy. i invest heavily to cater for retirement. To have 2nd property to collect rental. This how i ended no money for car. but i curious how others drive big car is it they earn alot?

[BMW69]

Originally Posted by kuasimi

So LKY did not have scholarship but went on family's savings? Source? Your statements are self-conflicting.

Adey! I was wrong about him going to UK on a scholarship, I apologised for my error and I issued an erratum. Of course my statements are self-conflicting. Otherwise there would be no apology to begin with. Can you not comprehend that?


http://www.channelnewsasia.com/news/...a/1736692.html

With the end of the war, Mr Lee decided to read law in England on his family’s savings. Mrs Lee, who was two-and-a-half years older than Mr Lee, said she would wait for his return.

I can't believe I bothered to dig out the link and quote it for you my gosh. Should have just said it can be found in Hard Truths to Keep Singapore Going.