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Thread: Ladies and gentlegerms, do YOU have a HEADACHE?

  1. #21
    Senior Member azul123's Avatar
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    Default Re: Ladies and gentlegerms, do YOU have a HEADACHE?

    I think they should also admit that it was mistake to move up gst 2% at one go. Else, don't say let's "Move On". This is only part about increasing salary to combat high prices... not yet talk about how to combat rapid price increases and how that 2% gst increase impacted inflation in Singapore.

    Any Economists have data on these?

    ../azul123

  2. #22

    Default Re: Ladies and gentlegerms, do YOU have a HEADACHE?

    oh no not the gst flogged horse again

    i thought we were done with that, i refuse to explain it all over again when you will not listen

  3. #23
    Senior Member azul123's Avatar
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    Default Re: Ladies and gentlegerms, do YOU have a HEADACHE?

    See there you go with your trick again, that thread was gst impact on business cost, this is inflation... don't try to confuse if you cannot win.

    ../azul123

  4. #24

    Default Re: Ladies and gentlegerms, do YOU have a HEADACHE?

    Quote Originally Posted by azul123 View Post
    See there you go with your trick again, that thread was gst impact on business cost, this is inflation... don't try to confuse if you cannot win.

    ../azul123
    well

    how would i know what you meant.

    but there is a very interesting argument (albeit simplistic) as to why raising wage directly to accomodate effect of price increases will not work.

    let's put it this way, consumers have a wide range of choices. if say, you estimate inflation to be 5%, and you happily raise all wages by 5%; the truth is that prices do not increase equally across the board, because they are determined by other factors. true? consumers can also shift their choices to options or equivalents less affected by price changes, unless they are really silly, since well, they can exercise this choice, so why not? therefore, by increasing wages directly you are going to make the consumer better off than they used to be, which is kind of silly.

    this is of course argueable, because of human stubbornness. if rice pricing increases, just switch to something else, which has no link with rice pricing.. but which person would do that unless rice prices go beyond what they can easily afford?

    as to how to combat "rapid price increments", a lot of countries are experiencing it, it is a global trend; and if you ask me, here it is relatively well-handled so far; so have faith. unless of course, you can think of any interesting ways as to how to do it - the short-term solution would be to happily subsidise certain commodities - which is undoubtedly a silly silly idea in the long run.
    Last edited by night86mare; 28th April 2008 at 07:55 AM.

  5. #25
    Senior Member azul123's Avatar
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    Default Re: Ladies and gentlegerms, do YOU have a HEADACHE?

    Quote Originally Posted by night86mare View Post
    unless of course, you can think of any interesting ways as to how to do it
    If have a solution.. would I get the million dollars salary?

    ../azul123

  6. #26

    Default Re: Ladies and gentlegerms, do YOU have a HEADACHE?

    Quote Originally Posted by azul123 View Post
    If have a solution.. would I get the million dollars salary?

    ../azul123
    ...well the salary entails a lot more than just thinking of solutions to economic troubles

    the best part is, most of a particular school of economic theory suggests that it is best to just let the market run wild and balance itself out

  7. #27

    Default Re: Ladies and gentlegerms, do YOU have a HEADACHE?

    Die! i am getting a headache reading all these!

  8. #28

    Default Re: Ladies and gentlegerms, do YOU have a HEADACHE?

    Quote Originally Posted by synapseman View Post
    GST increase.

    Cab fare increase.

    And nowsaday, hawker centre uncle either charge you 20 cents more, or give you 3 less fishball in your noodles.

    Every time got some price increase, got headache, can take Panadol.

    And now, price of Panadol also going to increase.

    *pengsan*
    .. i expect transport fares to rise another round, crude oil reaching US$120, could reach US$150 at the peak of Beijing Olympics event.

  9. #29
    Moderator ortega's Avatar
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    Default Re: Ladies and gentlegerms, do YOU have a HEADACHE?

    no solution and also going nowhere

    thread closed

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