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Thread: Growth???

  1. #1
    Senior Member melvin's Avatar
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    Question Growth???

    With the news that our Singapore's Q3 GDP grows by 10.6% on-year and Singapore's trade growth revises upwards! , Have u guys wonder where all the growth went to?

    Cos do not see the growth of our income or is there?

    If not does it meant that the growth is in the employers pocket?

    So what does it really mean by GDP Growth if income dun grow?

    Do income contribute to GDP Growth should be right?

    Anyone knows whats the ratio of Income Growth VS Inflation VS GDP Growth?





    Me just a noob!

  2. #2
    Senior Member Cheesecake's Avatar
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    me too.
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    Member voxies09's Avatar
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    one of the factor to pump GDP is GOV has to spent alot of money.. there was 1 area in China I saw in the youtube news, the government pump alot of money in housing + infra structure and the GDP is very high, but that city is zombie city .. none leaving there because of the cost of living very high
    Last edited by voxies09; 18th November 2010 at 12:17 PM.

  4. #4

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    You have to know what constitutes GDP ... without understanding what GDP means, you will not be able to decipher the figure one way or the other

    http://en.wikipedia.org/wiki/Gross_domestic_product

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    Senior Member Sion's Avatar
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    GDP grows by 10.6% and we must tell boss that our pay must go up by 10.6% too.

  6. #6

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    Growth as compared to previous year negative growth then sure high one.

  7. #7

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    Quote Originally Posted by melvin View Post
    Cos do not see the growth of our income or is there?

    If not does it meant that the growth is in the employers pocket?

    Me just a noob!
    so if there is negative gdp growth, you will ask for a pay cut?

  8. #8

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    yes, there is growth, Singapore's economy has become stronger after last crisis.

    there has been an influx of tourists this year, hotel industry boom, integrated resorts boom, export of goods and services, foreign investments, and best of all is property boom..

    if u are not feeling the growth, most likely u had fallen into areas where u are at the last or out of the receiving end, those at the top enjoy the most.
    Last edited by Exposure; 18th November 2010 at 02:58 PM.

  9. #9

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    wa, those with their wages pegged to GDP must be getting a big year end bonus?????

  10. #10

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    Quote Originally Posted by night86mare View Post
    so if there is negative gdp growth, you will ask for a pay cut?
    if that were the case he wouldn't have to ask.

  11. #11
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    for me i will never unserstand what all these figures means... but at least i know if there is growth, there will be some salary increment rather than pay freeze/cut...
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  12. #12

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    that is why it is important to know where is the money is moving..

    those who sit and do nothing will see their money growing smaller each year due to inflation.

  13. #13

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    Quote Originally Posted by mynameisgreg View Post
    if that were the case he wouldn't have to ask.
    haha,

    well, i see loads more people walking around eating good food during weekends, more people walking around with dslr necklace...

    someone's pay has to have increased, looks like quite a lot of people's at that. either that or people are more willing to spend.

  14. #14
    Member voxies09's Avatar
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    nowadays people willing to spend due to installment plan with 0% interest rate from credit card.. it helps GDP.. yes the more people has debt, the bigger the GDP (imho)

  15. #15

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    Quote Originally Posted by night86mare View Post
    haha,

    well, i see loads more people walking around eating good food during weekends, more people walking around with dslr necklace...

    someone's pay has to have increased, looks like quite a lot of people's at that. either that or people are more willing to spend.
    Our consumerism mentality, even not as much money, also won't cut spending one....
    Either that, or its a wealthier crowd you are hanging around with

  16. #16

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    Quote Originally Posted by voxies09 View Post
    nowadays people willing to spend due to installment plan with 0% interest rate from credit card.. it helps GDP.. yes the more people has debt, the bigger the GDP (imho)
    it's seem like singapore are heading towards USA lifestyle where credit is freely available.

  17. #17
    Senior Member melvin's Avatar
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    Quote Originally Posted by night86mare View Post
    so if there is negative gdp growth, you will ask for a pay cut?
    Quote Originally Posted by mynameisgreg View Post
    if that were the case he wouldn't have to ask.
    LOL! Be it positive or negative growth still wun affect me much for i decide my own wages.

    FYI Our industries contributed a certain % to the GDP Growth!

    Am just asking for the general!

  18. #18

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    Quote Originally Posted by Exposure View Post
    yes, there is growth, Singapore's economy has become stronger after last crisis.

    there has been an influx of tourists this year, hotel industry boom, integrated resorts boom, export of goods and services, foreign investments, and best of all is property boom..

    if u are not feeling the growth, most likely u had fallen into areas where u are at the last or out of the receiving end, those at the top enjoy the most.
    well said. ppl like me who only know how to sulk on where the real money is.. unlike those ppl who knows where the real money are

  19. #19
    Senior Member melvin's Avatar
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    Quote Originally Posted by flowerpot View Post
    for me i will never unserstand what all these figures means... but at least i know if there is growth, there will be some salary increment rather than pay freeze/cut...
    Thats why i am trying to find out (or does anyone knows/done) the Ratio of Income growth slow rate over GDP Growth rate! As we can see Growth over the yrs but not for the Income side!
    Are we really underpaid? as some will say we are living the First World Society but drawing a 3rd World Wages!

  20. #20

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    Quote Originally Posted by melvin View Post
    Thats why i am trying to find out (or does anyone knows/done) the Ratio of Income growth slow rate over GDP Growth rate! As we can see Growth over the yrs but not for the Income side!
    Are we really underpaid? as some will say we are living the First World Society but drawing a 3rd World Wages!
    one word: exploit

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