Working for Retrenchment
Today, I am extremely delighted to receive my retrenchment package. The amount is equivalent to what I could have saved in a year if I continued serving my duty as an obedient employee. The official date, however, will be another 2 long days from now. I am celebrating anyway, for this is what I have always been working for - retrenchment.
Is not this what everyone in Singapore is doing? Our environment is so conducive for foreign investment to participate in the growth of Asia's economy through our pro-business atmosphere coupled with a stable political climate, and at the same time to "cut losses" easily when "unforeseen circumstances" arise. These FI need not worry too much about the ill-effect of Singaporean workers for we are just too lazy to organize ourselves into stubborn unions - which is a good thing in my opinion.
Retrenchment is the way to go. If retrenchment is made too difficult, Singapore will lose its competitiveness in the global fight to attract investments. It is investment that drives our economy and we all know that MNC is already leading the SME 10-0 before half-time. Going into the second half, if retrenchment is made too difficult, SME may not even have the numbers to field a complete team. That is perfectly fine if we all enjoy being fair workers and have no interest in the appreciation of modern capitalism.
To understand capitalism, we must understand business. A business exists because of its customers. The customers provide the revenue for the business to prosper. A job on the other hand exists because there is a boss. And most of the time, workers work to serve the boss and earn their wages. The main difference here is that a business decides the value of its service or product whereas the boss decides the value of a worker - usually based on experience and education, and how much the boss can pay. That points to another discussion as to what good do experience and education have if they do not yield wisdom. We will discuss that in another editorial. So, for example, if the value of your service is worth a dollar but the boss decides that you deserve 40 cents for whatever reasons justifiable, you are really short-changing yourself each time- because for every 40 cents you earn, the capitalist uses the remaining 60 cents of leveraged value from you to earn him a return. Of course he bears the risk of selling your service below par value and ends up earning nothing for himself. And when that happens, be sure that retrenchment will there to save his day.
Is not this what everyone in Singapore is doing? Our environment is so conducive for foreign investment to participate in the growth of Asia's economy through our pro-business atmosphere coupled with a stable political climate, and at the same time to "cut losses" easily when "unforeseen circumstances" arise. These FI need not worry too much about the ill-effect of Singaporean workers for we are just too lazy to organize ourselves into stubborn unions - which is a good thing in my opinion.
Retrenchment is the way to go. If retrenchment is made too difficult, Singapore will lose its competitiveness in the global fight to attract investments. It is investment that drives our economy and we all know that MNC is already leading the SME 10-0 before half-time. Going into the second half, if retrenchment is made too difficult, SME may not even have the numbers to field a complete team. That is perfectly fine if we all enjoy being fair workers and have no interest in the appreciation of modern capitalism.
To understand capitalism, we must understand business. A business exists because of its customers. The customers provide the revenue for the business to prosper. A job on the other hand exists because there is a boss. And most of the time, workers work to serve the boss and earn their wages. The main difference here is that a business decides the value of its service or product whereas the boss decides the value of a worker - usually based on experience and education, and how much the boss can pay. That points to another discussion as to what good do experience and education have if they do not yield wisdom. We will discuss that in another editorial. So, for example, if the value of your service is worth a dollar but the boss decides that you deserve 40 cents for whatever reasons justifiable, you are really short-changing yourself each time- because for every 40 cents you earn, the capitalist uses the remaining 60 cents of leveraged value from you to earn him a return. Of course he bears the risk of selling your service below par value and ends up earning nothing for himself. And when that happens, be sure that retrenchment will there to save his day.
Labels: Personal fianance
posted by cif5000 at 4:49 AM
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