atans1

How to get S’poreans to welcome mass immigration

In Economy, Political governance, Property on 05/02/2018 at 10:25 am

The calls are getting louder, with more and more voices making the case for Singapore to relook its position on the foreign manpower issue, in the face of a severe demographics slowdown*.

http://www.todayonline.com/singapore/big-read-foreigner-issue-are-we-ready-rethink

The above and a similar ST article a few days earlier is evidence that the constructive, nation-building media is again preparing the way for the flood gates to be opened and for FTs to be allowed in by the cattle truck load (not like now by only the A380 or 747 cattle class load).

The stories reminded me also that

“Opposition to immigration is largely cultural and psychological. Policy options will therefore have to address this.”

Eric Kaufmann, professor of politics at Birkbeck University of London, http://blogs.lse.ac.uk/politicsandpolicy/why-culture-is-more-important-than-skills-understanding-british-public-opinion-on-immigration/)

Eric Kaufmann was talking about the UK, but what he says also applies here.

So somehow, I think talking in general terms that the economy needs FTs wouldn’t work. Think the Population White Paper (Population White Paper: PAP’s suicide note?) which didn’t convince S’poreans that we need FTs by the cattle-truck load.


A personal view

As I’ve blogged before, FTs by the cattle-truck load is good for me personally because of the wage repression effect, stronger GDP growth, rising property prices etc. But still I’m not even in favour of FTs by the A380 load. I want FTs by the A350 or 787 business class and first class load.

__________________________________________________________

So if the PAP wants to use culture and psychology to get S’poreans to welcome cattle truck-loads of FTs, the constructive, nation-building media should tell S’poreans what will happen to the value of their “affordable” HDB flats that they are paying for via 25-year mortgages, if said FTs are not allowed to come in by cattle truck-loads to beat up taxi uncles and professional women. After all, falling HDB, and private property, prices are a consequence of weak economic growth, which will result from restrictions on immigration: at least according according to the “experts” quoted in the said articles*.

As Moneytheism (particularly the Propery cult) is our religion, the message will sink in very fast that S’pore needs FTs by the cattle-truck load to prevent HDB prices, and private property prices, from collapsing.


*The article goes on

Last December, economists said it may be time to re-look the Government’s stringent immigration policies following a UOB report on Singapore’s “demographic time bomb” which will start ticking next year, when the share of the population who are 65 and over will match that of those under 15 for the first time.

In January, Monetary Authority of Singapore chief Ravi Menon devoted much of his speech at a high-profile conference on the topic, making an impassioned plea for Singapore to “reframe our question on foreign workers”, given the limited scope in raising birth rates and labour force participation rate (LFPR). This was followed by a commentary penned by National University of Singapore (NUS) academics urging the Republic’s universities to admit more international students, in light of falling numbers.

Dr Chua, the Maybank economist, questioned how the targets could be met based on the current workforce size without additional foreign manpower, even after taking into account those who are displaced from positions becoming redundant.

“Manpower policies will need to be fine-tuned…Singapore’s transformation roadmap cannot be fulfilled without some flexibility in its manpower policies,” he said.

Dr Chua reiterated that relaxing foreign manpower restrictions during economic upcycles will allow Singapore to capitalise on growing investments and demand. “If restrictions are too tight, business will choose not to invest in the first place,” he said. “That in turn hurts job creation and opportunities for Singaporeans.”

He added that foreigners also “pay their fair share of taxes and contribute to the overall fiscal position, reducing the tax burden on citizens”.

 

 

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  1. Exactly. I’m surprised PAPies haven’t changed tack after all this time … they have lost the old guards’ 6th sense of what makes sinkies tick & what gets under their skin.

    The constant PAPies narrative about demographics, aging time bomb, biz impact, biz moving out, loss of jobs, etc simply fly above the masses heads or piss them off.

    Better yet … offer sinkies 2 HDB flats & allow pte property owners to buy HDB to rent out … let the masses have a taste of the rent seeking enjoyed by the elites. Guaranteed to entrench PAPies in power for another 50 years! Haha!

  2. with more ‘ft’ men, wp will gain at least 2 more grc in the next ge in ’20.

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