recently i spoke to the man on the street, he said "gang kor", hang jeng si bei pai". In english, it means difficult and times are damn bad.
I ask him how come. He said everything going up. utility bills up, a cup of kopi at kopitiam also going up and seems like won't come down. his pay appears to be the only thing which stays. "how to survive?"
i think times are not good generally. the singapore economy is not doing well and the worst it are the normal man on the streets.
innovate upgrade...yeah sure..tell that to someone who has only secondary education earning 1.5kpm doing 2 different shift jobs with little time even to take a breather; and whatever income comes in, it rapidly goes out to pay handphone bills, utlity bills, transport, rental etc... how to innovate, upgrade..? u got to be kidding! As a result, most of them remain stuck, work like hell just to stay afloat.
but hey, on the other hand, you look around the streets in town, you see bentley, ferrari, benz bmw and lots of them there. these people do not seem too affected by the downturn.
I do hope the singapore economy will pick up and better times for more people in singapore.
Happy Vesak Day to all the people in Singapore!!!
I ask him how come. He said everything going up. utility bills up, a cup of kopi at kopitiam also going up and seems like won't come down. his pay appears to be the only thing which stays. "how to survive?"
i think times are not good generally. the singapore economy is not doing well and the worst it are the normal man on the streets.
innovate upgrade...yeah sure..tell that to someone who has only secondary education earning 1.5kpm doing 2 different shift jobs with little time even to take a breather; and whatever income comes in, it rapidly goes out to pay handphone bills, utlity bills, transport, rental etc... how to innovate, upgrade..? u got to be kidding! As a result, most of them remain stuck, work like hell just to stay afloat.
but hey, on the other hand, you look around the streets in town, you see bentley, ferrari, benz bmw and lots of them there. these people do not seem too affected by the downturn.
I do hope the singapore economy will pick up and better times for more people in singapore.
Happy Vesak Day to all the people in Singapore!!!
Ang Gong Gong,
ReplyDeleteIts a tale of 2 cities...
I too am quite impressed with the fancy cars and stylo condos that are sprouting up every where.
Restaurants are full, and the suburban malls are packed with people.
If retailers can raise prices, that's a good thing from economic standpoint. That means there's pricing power and demand is inelastic.
The rich would want a little asset inflation.
However, to the not so well off, they would much prefer some deflation...
Someone's innovation is another person's disruption.
yeah, and the poor old man still pushes his cart full of old cardboards along eu tong sen street, like going to drop off to hit the shiny bmw next to him.
Deleteand the man in a wheelchair still goes about begging passerbys to give him some money to buy his next meal.
the list goes on....
Hi Paul,
ReplyDeleteThumb up for this post. It resonate with me. Not the characters and scenario you painted that resonate but the reason why this post is written.
LOL
thanks for visiting me sillyinvestor....
Deletei think jeng hu knows also...just that they can't or won't do anything
sigh