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Thread: Bad economy. How bad?

  1. #41
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    Default Re: Bad economy. How bad?

    Quote Originally Posted by thenomad View Post
    yes tax rates are higher, but they do get back something from it through subsidies and welfare schemes

    if you go to a public doctor, your medical fees are subsidised

    if you are unemployed, you can apply for an allowance scheme
    however, a lot of people abuse this, they just kept claiming allowances without wanting to work

    salary wise, definitely higher than here
    True. Provided you use these services.

    And yes, a welfare system is always subject to abuse. There have been cases in Australia where young people live off the dole while bumming around the beach.
    Sony Alpha system user. www.pbase.com/synapseman

  2. #42
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    Default Re: Bad economy. How bad?

    Quote Originally Posted by Harry Potter View Post
    my fren just bought a D90 , where got recession?
    As I've mentioned before, not all sectors are affected. But there ARE many people who have lost their jobs or are anxiously wondering if they're going to be next on the chopping block. I think it's true to say that many people are not affected and still have the same kind of spending power as before, but I'd be careful to make such statements in public.


    Quote Originally Posted by Lomographer View Post
    Exactly.

    Do you know a Part time job as cashier at McDonald's in japan earns you 1000 yen hourly?

    That's 15 sing dollars, but their standard of living is very very high.

    After being to japan so Many times and with my mum who studied there

    The cheapest meal I've ever eaten is 7 dollars, a pathetically small bowl of yakisoba, street side.

    There are no hawker centres there.

    In UK , the GST is 21%.

    There's no recession in Singapore, never will have.
    Wow. That last statement is quite an arrogant one. Tell that to the people who have lost their jobs. Not many people can even go to Japan "many times" to gain such enlightenment as you obviously have.
    Sony Alpha system user. www.pbase.com/synapseman

  3. #43

    Default Re: Bad economy. How bad?

    While many feel there is a huge crowd at bargain corners, i do not think that there will be many impulse buyers for big ticket items.

    I have a friend who had a promotion to attract customers to dine in. Hence put up a big sign in front of the shop which says $1 dumpling. Guess what, people queue in line just to buy only dumpling. Then a family of 10 walked into the restaurant to eat the $1 dumpling. Bill size was an amazing $10 with 10 happy customers. LOL


    So, lets hope there are more people spending and keeping the economy going. the money do get passed on down the line which translate into salaries eventually.

  4. #44
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    Default Re: Bad economy. How bad?

    to be honest, a master degree FT can easily replace any senior personal at any level with lower pay...unless the person willing to take a pay cut, or else off he go with that golden handshake.

    don't be surprised that there are FT with masters willing to work for just 1.5~1.6k per month...
    Last edited by Simon_84; 27th May 2009 at 02:15 PM.

  5. #45
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    Default Re: Bad economy. How bad?

    Quote Originally Posted by Simon_84 View Post
    don't be surprised that there are FT with masters willing to work for just 1.5~1.6k per month...
    totally not surprised..
    This is an electronic post which requires no signature.

  6. #46

    Default Re: Bad economy. How bad?

    Quote Originally Posted by Simon_84 View Post
    to be honest, a master degree FT can easily replace any senior personal at any level with lower pay...unless the person willing to take a pay cut, or else off he go with that golden handshake.

    don't be surprised that there are FT with masters willing to work for just 1.5~1.6k per month...
    true.. becos in their own countries very hard to find jobs.

  7. #47

    Default Re: Bad economy. How bad?

    Quote Originally Posted by happyfrog View Post
    yes, i'm going to eat 2 dollar double cheeseburger later.
    hello here.. roti one loaf 80 cents, eat 3 days

  8. #48
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    Default Re: Bad economy. How bad?

    Come the next PC show in June'09 and We can see for ourselves how "bad" is the economy(in singapore)....
    Last edited by wjason; 27th May 2009 at 06:05 PM.
    D800 | N35mm f/1.8G | N16-35mm f/4G VRII | N70-200mm f/2.8G VRII | N85mm f/1.4G | SB910

  9. #49

    Default Re: Bad economy. How bad?

    Quote Originally Posted by wjason View Post
    Come the next PC show in June'09 and We can see for ourselves how "bad" is the economy(in singapore)....
    i am still considering if i really need to upgrade my D70 for a new D90 by the june PC show.
    Last edited by yeobt; 27th May 2009 at 09:22 PM.
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  10. #50

    Default Re: Bad economy. How bad?

    Quote Originally Posted by wjason View Post
    Come the next PC show in June'09 and We can see for ourselves how "bad" is the economy(in singapore)....
    1000% agreed!!!!!

    My predicted headline on newspaper "Record 2 million visited PC Show with $2 bn sales"

  11. #51

    Default Re: Bad economy. How bad?

    my company has freeze headcount, yearly increment ...

  12. #52

    Default Re: Bad economy. How bad?

    my company still got OT and start hiring ppls now

  13. #53

    Default Re: Bad economy. How bad?

    Quote Originally Posted by lexus View Post
    my company still got OT and start hiring ppls now

    What industry are you in?

  14. #54
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    Default Re: Bad economy. How bad?

    Quote Originally Posted by Lomographer View Post
    Exactly.

    Do you know a Part time job as cashier at McDonald's in japan earns you 1000 yen hourly?

    That's 15 sing dollars, but their standard of living is very very high.

    After being to japan so Many times and with my mum who studied there

    The cheapest meal I've ever eaten is 7 dollars, a pathetically small bowl of yakisoba, street side.

    There are no hawker centres there.

    In UK , the GST is 21%.

    There's no recession in Singapore, never will have.
    I don't study economics, but I'm pretty certain given the calculation criteria for what a recession is, Singapore is in one, or pretty close to being in one. Japan is in one because their economy has shrunk for the third or fourth quarter in a row.

    but like I said, I don't study economics, although I can ask my economist of a friend to have him explain how them said calculations are done to determine if the country is in a recession or not.
    chicken fight!

  15. #55

    Talking Re: Bad economy. How bad?

    Quote Originally Posted by Exposure View Post
    hello here.. roti one loaf 80 cents, eat 3 days
    Lately there're many restaurants offering Buy 1 Free 1 meals.

  16. #56

    Default Re: Bad economy. How bad?

    Quote Originally Posted by happyfrog View Post
    Lately there're many restaurants offering Buy 1 Free 1 meals.
    ... but the portion given seems to reduce by 1/3.

  17. #57

    Default Re: Bad economy. How bad?

    Quote Originally Posted by Exposure View Post
    ... but the portion given seems to reduce by 1/3.
    but okay la... still got saving... get 4/3 for price of 1.

  18. #58

    Default Re: Bad economy. How bad?

    Quote Originally Posted by terryansimon View Post
    I don't study economics, but I'm pretty certain given the calculation criteria for what a recession is, Singapore is in one, or pretty close to being in one. Japan is in one because their economy has shrunk for the third or fourth quarter in a row.

    but like I said, I don't study economics, although I can ask my economist of a friend to have him explain how them said calculations are done to determine if the country is in a recession or not.
    The US was in their recession a long time before they finally admitted it. So even though the numbers showed a recession, no one was coming out and saying it at the time...

  19. #59
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    Default Re: Bad economy. How bad?

    Quote Originally Posted by lexus View Post
    my company still got OT and start hiring ppls now
    IT industry or got new projects?

    just received another new "KO" today, unisim intends to delay my further studies for next year intake...my guess is recession now, everyone wants to study...so old liao, still don't faster study, brain will become rusty eventually...bitterly disappointed with the decision...

    is karma that i turn down UOL admission last year...
    Last edited by Simon_84; 29th May 2009 at 08:45 PM.

  20. #60

    Default Re: Bad economy. How bad?

    Hmmm looks like I should hold back from purchasing a iMac ...

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