COVID-19: Retrenchments

[Yewheng]

 

 

Spending in this still okay what. Help people to get jobs, however (example) don't purposely say because want to create jobs for people so this road only last year pave with bitimum and now want to repave again when the road is still quite smooth?

 

Spending like invest in people to equip with better skills so that they could better position themselves to take a better job or equip them with a skillset totally different from that person industry as that person had been retrenched and is willing to learn new skills to keep relevant to get new jobs even in totally new industries. All these spending okay what. As all these spending is an investment. When people are doing well, government is doing well too.. 

 

Don't spend for the sake of spending. Spend to invest in people and help them grow. 

 

Edited July 16, 2020 by Yewheng

[Yewheng]

https://www.ourclassnotes.com/post/face-off-in-aljunied-hougang

 

Another example.. This one is double job. So remove all these PA that is associated with pap in wp ward. Let wp mps do the job in their ward. Like that government can save some money too. No need double job. So there are still many areas money could be saved like this one. If no need government spend money like they volunteer to want to help out in wp ward (but they are in pap party). Then okay what, coz no need spend government money, they volunteer is their own time they want to do what. Then that one okay. Haha.. 

 

 

https://www.facebook.com/113600223661359/posts/152183366469711/

 

 

Another one.. psp party.. They no spend government money and ownself willing to conduct mps. Then okay what. Pap can also do that if they also no spend government money like psp does. 

Edited July 16, 2020 by Yewheng

[Wind30]

2 hours ago, Yewheng said:

Everyone one to tighten the wallet. No choice.. 

why no choice??? does not make sense. There is always a choice, especially for government policies. 

I thought this is obvious... Governments everywhere will be trying to spend more...

[Ody_2004]

2 hours ago, Yewheng said:

Everyone one to tighten the wallet. No choice.. 

The more people tighten and not spending is even worse..

Money like River must flows.. from one to another to keep the economy alive.. u see the BKT founder crying liao as no one spend.. so if all keep their money be tougher.. like Grab no one take how? Casino no one bet mean more retrenchment...

Singapore is a spending economy.. no one spend the economy stopped..

China for example pump alot of $$ into infrastructure construction when their economy need a helping hand.. 

Edited July 17, 2020 by Ody_2004

[Yewheng]

4 minutes ago, Ody_2004 said:

The more people tighten and not spending is even worse..

Money like River must flows.. from one to another to keep the economy alive.. u see the BKT founder crying liao as no one spend.. so if all keep their money be tougher.. like Grab no one take how? Casino no one bet mean more retrenchment...

Singapore is a spending economy.. no one spend the economy stopped..

China for example pump alot of $$ into infrastructure construction when their economy need a helping hand.. 

No choice. That is why it is call recession.. Everyone tighten the belt.. Not keep spending and make it worst. 

[Weez911]

5 hours ago, Angcheek said:

Market can going get worst in Q3 ... many more bad news will come.

Yep. We only hear about retrenchment and unemployment after GE2020. The main chunk of the life-saving JSS was effected right before GE2020 also. Actually not that surprising but this may cost some % of their votes when smart people link it to the bungling of the covid management.

[Yewheng]

47 minutes ago, Wind30 said:

why no choice??? does not make sense. There is always a choice, especially for government policies. 

I thought this is obvious... Governments everywhere will be trying to spend more...

When government have surplus yes.. Spend more okay.. But when government do not have surplus, then also have to tighten the belt also what.. 

 

There are many ways to help beside increasing government spending.. One is to get rid of unnecessarily regulations that drive up business cost. 

Edited July 17, 2020 by Yewheng

[Sdf4786k]

15 hours ago, inlinesix said:

Both CNA & ST report 2,000.

Sin Ming report next week might be another round

So as usual, good times hire FT, bad time, stick it to the local with sucky wages and harder working hours and intimidation with jobs are scare.

But I do hope thats not the case as MOM will be watchful of the situation and the changes.

Notice I use the word "hope". But its tend to borderline to hopeless.

[Sdf4786k]

3 hours ago, Yewheng said:

 

 

Spending in this still okay what. Help people to get jobs, however (example) don't purposely say because want to create jobs for people so this road only last year pave with bitimum and now want to repave again when the road is still quite smooth?

 

Spending like invest in people to equip with better skills so that they could better position themselves to take a better job or equip them with a skillset totally different from that person industry as that person had been retrenched and is willing to learn new skills to keep relevant to get new jobs even in totally new industries. All these spending okay what. As all these spending is an investment. When people are doing well, government is doing well too.. 

 

Don't spend for the sake of spending. Spend to invest in people and help them grow. 

 

Notice they don't give details of the type of jobs nor what industry.

I always notice a lack of a process map like how one will be able to switch and bounce back nor a KPI and track record of the number of people who applied and gotten a role previously, to capitalise on the saying

.. "if you do what you always did, You will get what you always got.."

[Yewheng]

Just now, Sdf4786k said:

Notice they don't give details of the type of jobs nor what industry.

I always notice a lack of a process map like how one will be able to switch and bounce back nor a KPI and track record of the number of people who applied and gotten a role previously, to capitalise on the saying

.. "if you do what you always did, You will get what you always got.."

Ya.. Hope the details in it is to create good jobs.. 

[Voodooman]

3 hours ago, Wind30 said:

... actually getting out of this is not difficult... as the cause of it is err pretty OBVIOUS...

"LOCKDOWN"

I said months ago, lockdown is just something the stupid people use to stop Covid.

If you look around us, there are still people wearing masks without covering nose... not following safe distancing measures. We just need to as a population do as much as we can to prevent the spread of Covid WITHOUT locking down....

Sometimes I wonder if I should tell of the stupid Aunties standing beside me wearing her mask below her nose....

Lockdown is bad for the economy but social distancing is enough to kill F&B and a lot of other businesses.  You don't need a lockdown, the fear of getting infected and dying is enough to keep people at home and tip the world economy into a recession. 

Domestic consumption is 35% of SG GDP but around 60-70% globally, so locals masking up won't be sufficient to keep us away from a deep recession without G's stimulus. Anyway, it is economics 101 but i am no expert. 

[Sdf4786k]

44 minutes ago, Yewheng said:

No choice. That is why it is call recession.. Everyone tighten the belt.. Not keep spending and make it worst. 

pervious subprime, the govt open to the public to provide feedback on how to reduce cost.

So like every car geek, the response was to replace the TP cars with jap WRX / STI as japan has been proven successful.

What eventually happened was, they replace, but somehow the cost went up because, the scooby was unreliable when put into traffic service.

Oh well, so much for the world rally durability image that many did not know was a different set of build. 

[Sdf4786k]

4 minutes ago, Yewheng said:

Ya.. Hope the details in it is to create good jobs.. 

yah, and hope its not a play of words of good jobs to good enough jobs or you say good and my definition of good is different

You do know if they rub the wrong way, someone going to chime in,

beggars cant be choosy and then we will have the 5 years later , you will know ...results

[Wt_know]

7 minutes ago, Voodooman said:

Lockdown is bad for the economy but social distancing is enough to kill F&B and a lot of other businesses.  You don't need a lockdown, the fear of getting infected and dying is enough to keep people at home and tip the world economy into a recession. 

Domestic consumption is 35% of SG GDP but around 60-70% globally, so locals masking up won't be sufficient to keep us away from a deep recession without G's stimulus. Anyway, it is economics 101 but i am no expert. 

yes ... look at Sweden ... NO LOCKDOWN ... how well is their economy

look at HK ... also no NO LOCKDOWN ... the F&B and RETAIL are suffering too

covid scare the shit out of everyone whether lockdown or not ... 

Edited July 17, 2020 by Wt_know

[13177]

2 minutes ago, Wt_know said:

yes ... look at Sweden ... NO LOCKDOWN ... how well is their economy

look at HK ... also no NO LOCKDOWN ... the F&B and RETAIL are suffering too

covid scare the shit out of everyone whether lockdown or not ... 

Looks like lockdown or not not important liao, cause when there are people gather together, there will have covid, cannot escape one.

[inlinesix]

12 minutes ago, Voodooman said:

Lockdown is bad for the economy but social distancing is enough to kill F&B and a lot of other businesses.  You don't need a lockdown, the fear of getting infected and dying is enough to keep people at home and tip the world economy into a recession. 

Domestic consumption is 35% of SG GDP but around 60-70% globally, so locals masking up won't be sufficient to keep us away from a deep recession without G's stimulus. Anyway, it is economics 101 but i am no expert. 

What he don't understand is that Lockdown is used to prevent a collapse of our healthcare system.

It will take us a long time to built it back.  Just look at surgical mask.

[Voodooman]

10 minutes ago, Wt_know said:

yes ... look at Sweden ... NO LOCKDOWN ... how well is their economy

look at HK ... also no NO LOCKDOWN ... the F&B and RETAIL are suffering too

covid scare the shit out of everyone whether lockdown or not ... 

I also think it is not so simple.  Our economy is not domestically driven. 

[Weez911]

14 minutes ago, Voodooman said:

Lockdown is bad for the economy but social distancing is enough to kill F&B and a lot of other businesses.  You don't need a lockdown, the fear of getting infected and dying is enough to keep people at home and tip the world economy into a recession. 

Absolutely. Consumers will only spend when they are confident about not contracting the virus while spending. Our economy was already on drips before the lockdown because of the increasing infection numbers. I'm hopeful the situation is better now upon reopening after the lockdown because most people are wearing masks outside. I firmly believe masking and social distancing work in tandem, and will consequently boost the economy after people feel more confident with the protection in place.