atans1

US experience on growing GDP via productivity

In Economy on 23/05/2013 at 5:46 am

One striking fact is that even among the best performing metropolitan areas, overall increases in output per capita have been hard to come by. They have been limited to a handful of very brainy cities, especially West Coast tech centres. In general, growth has been a product of population increase large enough to offset falling output per person.

http://www.economist.com/blogs/freeexchange/2013/05/migration

Growing via productivity is damned difficult! Only places with brainy people can do it successful. Given that we are “daft”, growing the population via immigration is the chosen way to grow economy. So taz why we need 6.9m people? In addition, according to PM’s dad, FTs are more more productive: locals need to be “spurred”.

Given that there are hordes of M’sians wanting to come, hopefully Lina Chiam will ask for regular updates on the FTs allowed in to see if govt will U-turn on its promise to restrict  FTs from trickling in. (WP too busy giving away contracts to supporters and preparing for ministerial goodies.) In 2008, the M’sian FTs poured in after their GE reduced BN’s grip on power. They were afraid of another May 13.

Related post:

https://atans1.wordpress.com/2013/05/19/estonia-doing-it-spore-still-talking-about-it/

Update on 26 May 2013: http://www.bloomberg.com/news/2013-02-14/ponzi-schemes-built-on-people-always-crash-too.html

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  1. No worries. We will reach 7m target in 10-15 yrs. Golden age is here.
    If economic slowdown, govt will make it easier to import cheap foreign degree/diploma holders to help companies. If boomtime, govt will also make it easy to hire large quantities of cheaper foreigner workers to ease the crunch. Only time when foreigners will pack up and leave is if there is true blue recession lasting at least 2 years. But since economy expands 2/3 of the time over long run, hence population will keep going up until we live under the seas.

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