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Economy




  Ministry of               Is. I Swear One!
Talented Idiots
Economy ppt
Economy ppt
Wage Share
             Taxes
              8%



Company
 Profits   Wages
  50%       42%
Business
 Owner           The Money
                                                    Customer
                   Cycle



           *disclaimer, in the real world, wealth
Worker     Is affected by foreign investment,
           Growth etc
                                                    Business
Economy ppt
Economy ppt
Economy ppt
Economy ppt
End of
Cycle 1
Economy ppt
Economy ppt
Economy ppt
End of
Cycle 2
Economy ppt
Economy ppt
Economy ppt
End of
Cycle 3
盒彫
Cycle 15.
Wealth Inequality
Inflation




Everything costs more!
Profits Share
             Taxes
              8%



Company
 Profits   Wages
  50%       42%
High Cost of Living Culprits
                      PROFITS!
Retail Companies
                   Rental Companies         Banks




   Profit =             Profit =
                     Few BILLION $        Profit =
 Few million $                        TENS OF BILLION$
Rental Profits!




Cost to build shops: $200 per square foot
Cost of rental: $20 psf PER MONTH!
 Cost to build shops: $200 per square foot
 Cost of rental: $20 psf PER MONTH!
   Break Even in just 10 months!


 Rent for 10 years
   Rental companies end up making 1200% profit!
Bank Profits!




        Interest Rate: 10% per year!
After 5 years, you end up paying 60% more!
Economy ppt
Economic Growth
Economy
=
Workers Pay
= MORE MONEY FOR
SINGAPOREANS!
BUT!
Economy
=
Need more people!
Not Enough Sporeans!
I know,
  Import
Foreigners!
Economy ppt
Singaporean
                  VS
               Foreigner
                                    Younger
 Older                            No CPF, No insurance
 Need to pay 15% CPF (by law)      No Reservist
 Need to go Reservist (by law)     No leave
 Need to take Leave (by law)       Lower Salary
 Need to pay Insurance (by law)
 Want higher salary
HIRED!




SACKED!
Labour Crunch?
 Unemployment Rate: 2.0% (MOM)

 Labour Force Participation Rate: 66%!
   1/3 of the working Age Population is Unemployed!


 Why?
Where
  got
 2.0%
 Not
Hired?
Result?
ECONOMY




PROFITS


MEDIAN
INCOME!   Still say importing Foreigners
          Improve our
          Incomes?
Relative Cost Of Living

100
      89.1                                      Profits
             81.2 77.7
                         76   75   74.1 71.9

                                               49.2
                                                      42.4
                                                             33.7 30.1
Relative Salaries
126

      100
                                                   Foreign
            78.8   81.6   78
                                                   Workers
                               54.5
                                      43.3
                                             35
                                                  19.2
                                                         14.5
                                                                7.6   9.5
Relative Purchasing Power
106.9
        100
              88.8
                     80.4
                                                         Singaporeans
                            75.8
                                   66.1                  Are getting
                                          61.2
                                                         POORER!
                                                 40.4 40.6
                                                             25   22.5
                                                                         15.7

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Economy ppt