sábado, agosto 02, 2003
[ 215. Land ]
Just felt like penning some thoughts that came across me during tuition just now...
Towards the end of the session, my tutor suddenly talked about Singapore's growth, economy and as such. He was sort of commenting that Singapore won't be able to survive through the far future. Not in military or defence terms, but on the economy end. Well, he said, look at us. back in 1970's we were like Malaysia, but now on the surface we seems to be far ahead all our neighbouring countries. Well, why is this so? This was what he thinks. Shortly after independence, he guess that our dear governors were green-eyed about the spending power of Singaporeans. And as such, in order to take in as much circulating money into the state's vaults, they gradually raised the price of land to private developers. This results in a inflated price of private property, so quantity demanded for private property dropped. And hence it increase the demand for HDB flats, which were then much cheaper than what it is now. As far as i know, 3-room flats back into 1970s go for as cheap as just a couple of thousands. so in order to balance the market between private and public housing, the resale prices were increased too. Because spending power was greatly reduced, as a complaining lot, we people demanded for higher income. This viscious cycle continues... and here we are today.
So now with better income, better standards of living, better accomodations, better transport (ok that's a touchy issue) and everything better, is life better for us? Perhaps not. Our labour cost, material cost, rental cost, services cost are much much higher than our darling neighbours. And in today's society, people talk about value for money. For such high cost, we are forced to work with high producitivity. And then it comes the high stress level. Our darling neighbours' citizens are earning lower wages, but it gives them higher spending power than us. And the more important thing is, they are not obliged to work at the kind of productivity level like us, and to put things in JC students' context, they do not have that much stress. And perhaps, no suicides.
Well... that may be one of the answers to why are we so stressed. Let's hope more comes in. =)
Shannon left at 1:19 p. m..
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