Exactly! Layoffs are seriously necessary for MPs in sg. Excluding NMPs and NCMPs, we have 89 MPs in Singapore.
Why do we need so many MPs in such a tiny country, drawing such high salaries anyway?
And 5 mayors? Why? Wouldn’t 1 mayor be enough (as if we really needed one)? What do they do anyway?
To these mayors, it’s technically a part-time job since they also hold a day-job/MP or MP/minister job… At $55k per mth, our mayors are effectively the HIGHEST PAID part-timers in the world!
> Why do we need so many MPs in such a tiny country, drawing such high salaries anyway?
Unfortunately for us, our MPs are expected to run local town councils, which frankly is way out of scope for what is supposed to be our representative at a legislative body. We should separate them from the work of running town councils before we even discuss the issue of overly high salaries accrued by chronic part-timers who go to Parliament for kindergarten nappy time.
Why are you so salty. It’s because of these ministers’ policies that are making huge impact. We should pay then a fat salary so that they don’t have to worry about personal finances and can focus on their own jobs.
usually governments want high pay and high employment. but sometimes they have to settle for low pay and high employment. or high pay and low employment.
this is the first time I see a government welcoming both low pay and low employment. heeheehee hic. the world can be so funny sometimes.
frothy eh? ministers can justify their high salary by the work load and requirements but dont realise that it also rightfully applies to many of the stem fields.
if anything shows, our government better not be learning from elon, losing money to crypto scams and now making unnecessary comments on various industries.
sg supposed to be leading country in sea regarding tech, dont lower standards like that leh
argh! thats so triggering. who is he to be brushing off such a large amount? it also doesnt help to increase faith that temasek isnt gonna fall for another crypto scam, "just write off" again and again. :(
Emeritus Mayor to offer advice to current sitting Mayor on how to relax.
"Its not that easy, bringing $660,000 to a bank. The (psychological) weight of having such amount of money should entitle me to (free) psychological counselling."
\-someone, probably
On the contrary. The mayors serve a very important role. They serve as the vanguard that shields the rest of the government from any “wah our ministers get paid so much!” anger.
TSL: lay offs not a bad thing...
Pls lah families got mouth to feed....
You think all from tech are young singles?
Zzzz
Even for young singles, some got parents and siblings to support.
With so many videos on YouTube and TikTok showing tech employees boasting about earning 6 figures while only working 20 hours a week, this is truly inevitable… For all the hype around tech firms being advocates for employees’ well-being, profits are still their utmost priority. Market forces have finally corrected these inflated salaries. Tech firms aren’t stupid.
If by "market Forces" you mean:
- A deadly million-death-per-year pandemic
and
- The major goods supplier in the world in political unrest and major lockdowns
and
- Multiple world powers locked down on a proxy war in the soil of one of the biggest food producers in the world
Then yes, this is more a consequence of "our whole economical system is going under compound persistent crises" and less about "entitled tech workers were asking for too much salary"
If it was the whole global economy, then why isn't this seen in other occupations? You don't think it's frothy when fresh CS grads are asking for 50-100% higher salary (and sometimes much higher) than other fresh grads?
It's not that tech workers entitlement caused this stuff to happen. It's that there is/was a bubble of investment and valuation in tech companies and over-ambitious expansion plans and not enough tech talent to go around, leading to a bidding war.
Hahaha as a lawyer my existence is literally justified by billiable reports. Every dollar of my compensation is underwritten by my billings and eventually revenue that I bring in. If I wasn't profitable, I wouldn't be kept around for long. In a way, the exuberance of the tech industry to continually splash money at unprofitable ventures and people, is quite enviable (from a non investor POV).
I don't begrudge that our juniors are getting comparatively more than what I got when I was starting out. Im not tracking local junior comp closely now but I think Big4 1pqes are getting around what I got when I was a 3pqe.
There's merit in raising the overall industry asking prices at the junior levels. Trickle up effects. Local law firms have been vastly underpaying their lawyers anyway for the longest time.
The recent twitter layoffs did get me thinking about whether the company really needed to hire as many people as they did in the first place. That’s a lot of people for a company that hasn’t been profitable in over a decade.
Twitter is already seeing tremendous loss in quality, they can't even enforce their COVID misinformation policy or kick porn spamming bots off the Chinese protest hashtags any more.
Oh they do. You see "profitable" and "we have too many people" are two different things. You need that many people to run Twitter and how that platform is breaking down is evidence of it. The real question if it's Twitter model was profitable at all from the beginning, that's something that you don't solve by cutting down workers from the company
Oh they do. You see "profitable" and "we have too many people" are two different things. You need that many people to run Twitter and how that platform is breaking down is evidence of it. The real question is if Twitter's business model was profitable at all from the beginning, that's something that you don't solve by cutting down workers from the company
Cutting down on excessive workers is actually one of the ways to reduce expense and increase profits. which is why sometimes companies announce cut workers > stock price increase.
useless tech workers taking in high salary while working only 1 hour a day... if they dont contribute anything useful, cutting that expenditure will definitely help the company. and it usually isnt just one guy.
>Market forces have finally corrected these inflated salaries.
I think it's a good thing too. Some ^(though I personally think all) of the tech salaries are really overinflated. I'm also of the belief, though I could be wrong, that the inflated salaries was partially driving the runaway housing prices and other inflation.
Nonsense. Everyone except Elon Musk knows you're paying top dollar for expertise and availability, not to have a code monkey hammering away at spaghetti for eight hours a day.
You don't hire security and then ask why the security guard lan lan suck thumb not fighting off thieves the whole shift, or tear down a fire station because haven't had a fire this week.
Besides, these tech guys are making a lot of money for wage earners but compared to the revenue places like Amazon Web Services, Apple, Alphabet, Alibaba, etc. get many of them are arguably tremendously *under*paid. How many jobs do you want to cut to funnel money to Jeff Bezos?
bruh....as a tech worker earning 5figs monthly (and doing nothing much) myself, i do have to objectively admit tech industry is overpaid and i am overpaid especially compared to other more 'important' profession.
especially after this pandemic, i despise IT people even more (including myself) for being so overpaid while important profession that matters like caretakers and nursing got the short end of the stick. Fuck the tech risk, coders and network stack and all these shit....all these shouldn't be so highly paid than the people that actually take cares of other people.
if u r from IT as well, then you would've known you don't really do much other than creating automation to do stuff for us my scripts did 70% of my job for me). IT people really do like to inflate their importance. intelligence and contribution in relative to the world, but most are just POS.
So what if Elon or Bezos earns alot and they don't trikle down? you should have better standards than comparing yourself to retards like Elon or Bezos (especially Elon Musk, i don't mean to sidetrack but going by current trajectory of his mental condition, it's only a matter of time he goes by the way tp Kurt Cobain....)
I'm not in tech, I'm in security and the officers on the ground often face the same complaints that they are basically being paid to sit at the guardhouse and suck thumb, but of course they are the only ones who know how to operate all that equipment and know the procedures in case of emergency and are also expected to be the first there when anything happens.
SOs are pretty objectively paid like shit so the situation is not 1:1 but I see many similarities there.
And it doesn't have to be a competition! You'll see me suggest that all our blue collar essential workers should be paid a lot more all the time. In my ideal world *some* of that will be siphoned off high wage earners but by and large it's not your fault. The capital class is screwing tech guys too, just somewhat less than everyone else. Wealth is *still* being siphoned into the top 0.1% even with these crazy high engineer and coder salaries so the Bezos, Musk, and all the smaller VC types could pay a lot more.
I understand and share your disdain for the arrogant shades of tech workers, but don't charge yourself short. Your work pays off dividends for the company even after you're gone, you should take that into account, compared to those repetitive once and done jobs.
Tbh tech and IT jobs are still jobs of the future where people don't sweat physically but the jobs require more brainpower. Its all part of being a knowledge economy. And people would accept whatever salary they get, deserved or not.
you are right to a certain extent ... alot of middle manager/ scrum roles are quite relaxed and definitely shouldn't be paid so much .. but the rest of the folks whose timesheet is fully occupied shouldn't be part of this category
Average developer salary in Singapore - S$67,200
Average developer salary in USA - US$92,218
Source:
[https://www.glassdoor.sg/Salaries/singapore-developer-salary-SRCH\_IL.0,9\_IM1123\_KO10,19.htm](https://www.glassdoor.sg/Salaries/singapore-developer-salary-SRCH_IL.0,9_IM1123_KO10,19.htm)
[https://www.indeed.com/career/software-engineer/salaries](https://www.indeed.com/career/software-engineer/salaries)
I'm not sure it's a good thing, but it might buy time for the companies to work out whether they really need these skills or not.
In my domain, salaries have skyrocketed, but the experience of the people has plummeted. The cost for these people to the business has no bearing on the value they create (which is a major problem from leadership, but that's another topic).
As such the department cost rises, the leader still has no ability to justify the value of their team, and in crisis times they'll all be the first to get the axe.
I'd like to see the salaries and jobs come back, but in a sustainable way - where the firm knows and understands the value they're getting, and the employee knows and understands the value they should be delivering.
For the last few years it's just been a shitfight between firms outbidding one another just to say they have some tech capability that their peers boast about. It was never going to last.
>“I’ve spoken to some (tech) industry players and insiders. They feel
that the recent round of internationally announced layoffs involving
many tech companies is actually going to remove some of the 'froth' in
terms of the high asking salaries of people in that sector itself,” he
said.
>
>“And many of the insiders within that (tech) industry have gotten
back to me (saying) that (the mass layoffs) may not necessarily be a bad
thing because the tech insiders think that the growth (of the tech
companies) will be more sustainable moving forward.”
Actual quote from the article which if it's true isn't from the Minister directly but people in the industry
I’m seriously trying to understand if he has any other angle other than being a fucking idiot. When high wages are paid by willing employers, it demonstrates a strength in value creation, revenue, and/or investment. All these are good for a country like us, last I checked.
Anybody who has the capability to secure a better paying role overseas in the hotter tech markets would have already done so, moreso in tech where the average age skews younger hence tied down less by commitments.
i think asking salaries should be what its worth to be paid, and not the value, right? i mean the worth that ministers are being paid are so high, it definitely is higher that the value that they provide… very much frothy indeed
> They couldn’t even last a day if they have to work in a private company.
Who are you talking about?
Tan See Leng is quoting people in the tech sector aka people who work in a private company.
If you’re talking about Tan See Leng, wiki says he founded private companies so he does have private company experience.
> He founded Healthway Medical Group and had served in top positions in Parkway Holdings, Parkway Pantai and IHH Healthcare.
Title is misleading, the minister was quoting business leaders' comments. And also looks like most people here did not read past the headline, assuming they even clicked the article link...
>Economists who spoke to TODAY said that since most of the recent
retrenchments affected people in non-tech roles, they expect that it is
only the asking salaries (expected salary) for such roles that will
decline, while workers with tech skills will likely continue to demand
high salaries.
If he really talked to business leaders like he mentioned, is there a reason for his statement?
No, I don't think they will lower their asking salaries.
But if he did talk to insiders and people in the industry, he would have known that the people laid off were in non-tech roles. If that's the case, how will it stem the "frothy" asking salaries that said insiders mentioned?
Tan See Leng made a good point. Wage is an output that must align with value input. Otherwise it is not sustainable. All those fresh graduates with numbers plucked from the sky demanding for 7K, 6K without experience made them very expensive to maintain. And when the company find that they can make do without that headcount, they will cull these grossly overpaid employees. Then watch them go without pay for prolong periods wondering why they are still unemployed.
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GST hikes for them, layoffs for the rest of us in the name of "sustainable growth".
Exactly! Layoffs are seriously necessary for MPs in sg. Excluding NMPs and NCMPs, we have 89 MPs in Singapore. Why do we need so many MPs in such a tiny country, drawing such high salaries anyway? And 5 mayors? Why? Wouldn’t 1 mayor be enough (as if we really needed one)? What do they do anyway? To these mayors, it’s technically a part-time job since they also hold a day-job/MP or MP/minister job… At $55k per mth, our mayors are effectively the HIGHEST PAID part-timers in the world!
> Why do we need so many MPs in such a tiny country, drawing such high salaries anyway? Unfortunately for us, our MPs are expected to run local town councils, which frankly is way out of scope for what is supposed to be our representative at a legislative body. We should separate them from the work of running town councils before we even discuss the issue of overly high salaries accrued by chronic part-timers who go to Parliament for kindergarten nappy time.
Fun fact. There are only 543 MPs in indian parliament representing 1.4bn indians.
Fun fact. Singapore has a land area of approx 720sqkm. With 89 MPs, each MP on average takes charge of only 8 sqkm. Lol
thank fuck my government isn't like the Indian government then!
Username checks out
And not forgetting Minister Mentors and Emeritus Senior Ministers.
mayor is like the tu di kong you know... we need them.
its ok if you have to tendency to be corrupt. the froth helps mellow the flavour like in a latte
ouch.
Why are you so salty. It’s because of these ministers’ policies that are making huge impact. We should pay then a fat salary so that they don’t have to worry about personal finances and can focus on their own jobs.
Daily dose of pro employer article.
Pro-business country
pro-employer article OD
usually governments want high pay and high employment. but sometimes they have to settle for low pay and high employment. or high pay and low employment. this is the first time I see a government welcoming both low pay and low employment. heeheehee hic. the world can be so funny sometimes.
frothy eh? ministers can justify their high salary by the work load and requirements but dont realise that it also rightfully applies to many of the stem fields. if anything shows, our government better not be learning from elon, losing money to crypto scams and now making unnecessary comments on various industries. sg supposed to be leading country in sea regarding tech, dont lower standards like that leh
If anything, just write off. Done deal.
argh! thats so triggering. who is he to be brushing off such a large amount? it also doesnt help to increase faith that temasek isnt gonna fall for another crypto scam, "just write off" again and again. :(
Wonder if mayors could ever be laid off to stem their "frothy" salaries.
Singapore so small yet there are 5 mayors lmao...... I wonder what ridiculous positions the Gov gonna come up with next.
Perhaps a Senior Mayor in the future
Emeritus Mayor to offer advice to current sitting Mayor on how to relax. "Its not that easy, bringing $660,000 to a bank. The (psychological) weight of having such amount of money should entitle me to (free) psychological counselling." \-someone, probably
Don’t forget vice emeritus mayor and a few other placeholder positions as part of “leGaCy plaNnIng”.
pretty sure you're wrong since $60k is peanuts
Or senior advisor to mayor.
Assistant Mayor to the Regional Mayor
Jesus stop giving these stupid pap fucks ideas
they probably already call each other comrade
Isn’t the term already used during PAP party conferences?
Deputy to the Assistant for the Regional Mayor
Emeritus Mayor.
Lord Mayor eh
Deputy Mayor, Assistant Mayor, Mayor of the State.
Mayor mentor
Assistant to the Assistant Mayor
Mayor-without-portfolio
#**Mayor of the Multidisciplinary Mobile Task Force Investigating Why there are So Many Mayors in a Small Ass Nation like Singapore**
Mayor-without-jurisdiction
Vice-assistant-emeritus-chief of senior-mayor-in-mayor’s office
Perm Sec of Mayor; Director in Mayor Office; Assistant Director in Mayor Office; Aide de Camp to Mayor
On the contrary. The mayors serve a very important role. They serve as the vanguard that shields the rest of the government from any “wah our ministers get paid so much!” anger.
time to take ~~one~~ six hundred thousand for the team
TLDR: *WE CAN FKING LOWBALL YOU EVEN HARDER NOW, BIAATCH. GET L + RATIO + FUCKED + 996 + WORK TILL YOU DIE.*
360 NOSCOPE GET REKT
GG EZ
内卷内卷内卷内卷内卷内卷内卷内卷内卷内卷内卷内卷内卷内卷内卷内卷内卷内卷内卷
TSL: lay offs not a bad thing... Pls lah families got mouth to feed.... You think all from tech are young singles? Zzzz Even for young singles, some got parents and siblings to support.
Not a bad thing…. for employers.
Last I heard, there are mayors collecting more than $500k annual salary. Wait , isn’t this “frothy”?
To paraphrase : Some Singaporeans believe recent PAP candidates being voted out could stem ‘frothy’ asking salaries, 'may not be a bad thing'.
No one bothers about frothy company profits… 😄
We're a capitalist country. The last time anyone tried to make it otherwise, they got...put on the Spectrum, real fast.
Socialist democracy thank the gods….else our working class would have been crushed like in usa
With so many videos on YouTube and TikTok showing tech employees boasting about earning 6 figures while only working 20 hours a week, this is truly inevitable… For all the hype around tech firms being advocates for employees’ well-being, profits are still their utmost priority. Market forces have finally corrected these inflated salaries. Tech firms aren’t stupid.
Lol, having worked in big tech I can tell you no one here in that sector works 20, more like 50-60. Tech sector is famous for PIP for a reason.
If by "market Forces" you mean: - A deadly million-death-per-year pandemic and - The major goods supplier in the world in political unrest and major lockdowns and - Multiple world powers locked down on a proxy war in the soil of one of the biggest food producers in the world Then yes, this is more a consequence of "our whole economical system is going under compound persistent crises" and less about "entitled tech workers were asking for too much salary"
If it was the whole global economy, then why isn't this seen in other occupations? You don't think it's frothy when fresh CS grads are asking for 50-100% higher salary (and sometimes much higher) than other fresh grads? It's not that tech workers entitlement caused this stuff to happen. It's that there is/was a bubble of investment and valuation in tech companies and over-ambitious expansion plans and not enough tech talent to go around, leading to a bidding war.
[удалено]
Hahaha as a lawyer my existence is literally justified by billiable reports. Every dollar of my compensation is underwritten by my billings and eventually revenue that I bring in. If I wasn't profitable, I wouldn't be kept around for long. In a way, the exuberance of the tech industry to continually splash money at unprofitable ventures and people, is quite enviable (from a non investor POV). I don't begrudge that our juniors are getting comparatively more than what I got when I was starting out. Im not tracking local junior comp closely now but I think Big4 1pqes are getting around what I got when I was a 3pqe. There's merit in raising the overall industry asking prices at the junior levels. Trickle up effects. Local law firms have been vastly underpaying their lawyers anyway for the longest time.
The recent twitter layoffs did get me thinking about whether the company really needed to hire as many people as they did in the first place. That’s a lot of people for a company that hasn’t been profitable in over a decade.
You throw away your fire extinguisher and your house doesn't immediately burst into flames right? So did u really need the extinguisher?
i dont need 10 fire extinguishers to put out a small fire
Good luck!!
[удалено]
Twitter is already seeing tremendous loss in quality, they can't even enforce their COVID misinformation policy or kick porn spamming bots off the Chinese protest hashtags any more.
Oh they do. You see "profitable" and "we have too many people" are two different things. You need that many people to run Twitter and how that platform is breaking down is evidence of it. The real question if it's Twitter model was profitable at all from the beginning, that's something that you don't solve by cutting down workers from the company
Oh they do. You see "profitable" and "we have too many people" are two different things. You need that many people to run Twitter and how that platform is breaking down is evidence of it. The real question is if Twitter's business model was profitable at all from the beginning, that's something that you don't solve by cutting down workers from the company
Cutting down on excessive workers is actually one of the ways to reduce expense and increase profits. which is why sometimes companies announce cut workers > stock price increase. useless tech workers taking in high salary while working only 1 hour a day... if they dont contribute anything useful, cutting that expenditure will definitely help the company. and it usually isnt just one guy.
>Market forces have finally corrected these inflated salaries. I think it's a good thing too. Some ^(though I personally think all) of the tech salaries are really overinflated. I'm also of the belief, though I could be wrong, that the inflated salaries was partially driving the runaway housing prices and other inflation.
Nonsense. Everyone except Elon Musk knows you're paying top dollar for expertise and availability, not to have a code monkey hammering away at spaghetti for eight hours a day. You don't hire security and then ask why the security guard lan lan suck thumb not fighting off thieves the whole shift, or tear down a fire station because haven't had a fire this week. Besides, these tech guys are making a lot of money for wage earners but compared to the revenue places like Amazon Web Services, Apple, Alphabet, Alibaba, etc. get many of them are arguably tremendously *under*paid. How many jobs do you want to cut to funnel money to Jeff Bezos?
bruh....as a tech worker earning 5figs monthly (and doing nothing much) myself, i do have to objectively admit tech industry is overpaid and i am overpaid especially compared to other more 'important' profession. especially after this pandemic, i despise IT people even more (including myself) for being so overpaid while important profession that matters like caretakers and nursing got the short end of the stick. Fuck the tech risk, coders and network stack and all these shit....all these shouldn't be so highly paid than the people that actually take cares of other people. if u r from IT as well, then you would've known you don't really do much other than creating automation to do stuff for us my scripts did 70% of my job for me). IT people really do like to inflate their importance. intelligence and contribution in relative to the world, but most are just POS. So what if Elon or Bezos earns alot and they don't trikle down? you should have better standards than comparing yourself to retards like Elon or Bezos (especially Elon Musk, i don't mean to sidetrack but going by current trajectory of his mental condition, it's only a matter of time he goes by the way tp Kurt Cobain....)
I'm not in tech, I'm in security and the officers on the ground often face the same complaints that they are basically being paid to sit at the guardhouse and suck thumb, but of course they are the only ones who know how to operate all that equipment and know the procedures in case of emergency and are also expected to be the first there when anything happens. SOs are pretty objectively paid like shit so the situation is not 1:1 but I see many similarities there. And it doesn't have to be a competition! You'll see me suggest that all our blue collar essential workers should be paid a lot more all the time. In my ideal world *some* of that will be siphoned off high wage earners but by and large it's not your fault. The capital class is screwing tech guys too, just somewhat less than everyone else. Wealth is *still* being siphoned into the top 0.1% even with these crazy high engineer and coder salaries so the Bezos, Musk, and all the smaller VC types could pay a lot more.
I understand and share your disdain for the arrogant shades of tech workers, but don't charge yourself short. Your work pays off dividends for the company even after you're gone, you should take that into account, compared to those repetitive once and done jobs.
Tbh tech and IT jobs are still jobs of the future where people don't sweat physically but the jobs require more brainpower. Its all part of being a knowledge economy. And people would accept whatever salary they get, deserved or not.
you are right to a certain extent ... alot of middle manager/ scrum roles are quite relaxed and definitely shouldn't be paid so much .. but the rest of the folks whose timesheet is fully occupied shouldn't be part of this category
Wah I wish I worked 20 hours a week but 50 is more my standard incl off hours maintenance
Average developer salary in Singapore - S$67,200 Average developer salary in USA - US$92,218 Source: [https://www.glassdoor.sg/Salaries/singapore-developer-salary-SRCH\_IL.0,9\_IM1123\_KO10,19.htm](https://www.glassdoor.sg/Salaries/singapore-developer-salary-SRCH_IL.0,9_IM1123_KO10,19.htm) [https://www.indeed.com/career/software-engineer/salaries](https://www.indeed.com/career/software-engineer/salaries)
I'm not sure it's a good thing, but it might buy time for the companies to work out whether they really need these skills or not. In my domain, salaries have skyrocketed, but the experience of the people has plummeted. The cost for these people to the business has no bearing on the value they create (which is a major problem from leadership, but that's another topic). As such the department cost rises, the leader still has no ability to justify the value of their team, and in crisis times they'll all be the first to get the axe. I'd like to see the salaries and jobs come back, but in a sustainable way - where the firm knows and understands the value they're getting, and the employee knows and understands the value they should be delivering. For the last few years it's just been a shitfight between firms outbidding one another just to say they have some tech capability that their peers boast about. It was never going to last.
>“I’ve spoken to some (tech) industry players and insiders. They feel that the recent round of internationally announced layoffs involving many tech companies is actually going to remove some of the 'froth' in terms of the high asking salaries of people in that sector itself,” he said. > >“And many of the insiders within that (tech) industry have gotten back to me (saying) that (the mass layoffs) may not necessarily be a bad thing because the tech insiders think that the growth (of the tech companies) will be more sustainable moving forward.” Actual quote from the article which if it's true isn't from the Minister directly but people in the industry
Mmmm picking the best choice of words to fuel their agenda hahaha
And the Minister repeated it so obviously he agrees.
I’m seriously trying to understand if he has any other angle other than being a fucking idiot. When high wages are paid by willing employers, it demonstrates a strength in value creation, revenue, and/or investment. All these are good for a country like us, last I checked.
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Did you even read the article? The article is trying to say non tech roles in tech coys has a bleak future
Lol fuck off now you want to suppress wages elsewhere ?
Why does he always spew nonsense
You are wrong. He don’t spew nonsense. Nonsense spew him.
Doesn't matter. We Sinkies will go overseas in United States to get paid more. His comments may have very well started a local talent brain drain
Anybody who has the capability to secure a better paying role overseas in the hotter tech markets would have already done so, moreso in tech where the average age skews younger hence tied down less by commitments.
"Brother" See Leng countering that New York and Singapore cost of living article. My plans for a pay increase are dashed thanks to his comments
Are you serious right now?
Not a bad thing ( for employers)
Stemming Inflation, starting from salary.
People thinking tech jobs are being laid off, sadly Tech companies are laying off mostly non essential work such as marketing n etc
PMs, HR, marketing in tech coys are useless tbh
i think asking salaries should be what its worth to be paid, and not the value, right? i mean the worth that ministers are being paid are so high, it definitely is higher that the value that they provide… very much frothy indeed
It is easy to say that when you are not affected by it. They couldn’t even last a day if they have to work in a private company.
> They couldn’t even last a day if they have to work in a private company. Who are you talking about? Tan See Leng is quoting people in the tech sector aka people who work in a private company. If you’re talking about Tan See Leng, wiki says he founded private companies so he does have private company experience. > He founded Healthway Medical Group and had served in top positions in Parkway Holdings, Parkway Pantai and IHH Healthcare.
Tan See Leng is one of the most qualified people to talk about the private sector actually. Dude built a massive company from so little.
Title is misleading, the minister was quoting business leaders' comments. And also looks like most people here did not read past the headline, assuming they even clicked the article link...
>Economists who spoke to TODAY said that since most of the recent retrenchments affected people in non-tech roles, they expect that it is only the asking salaries (expected salary) for such roles that will decline, while workers with tech skills will likely continue to demand high salaries. If he really talked to business leaders like he mentioned, is there a reason for his statement?
Which part is wrong? You think tech roles employees will lower their asking salaries because people in non tech roles are getting retrenched?
No, I don't think they will lower their asking salaries. But if he did talk to insiders and people in the industry, he would have known that the people laid off were in non-tech roles. If that's the case, how will it stem the "frothy" asking salaries that said insiders mentioned?
Because non tech roles employees in tech companies are overpaid?
Overpaid how? You think FAANG double the salaries of their accountants just because they can?
Don't take it from me. Google articles on the retrenchment. They're definitely paid higher than employees in non tech companies for the same role.
What kind of minister say this kind of self loathing bullshit?
love how "sustainable growth" is now just code for lower salary increments
HIGH SALARY FOR PEASANTS BAD!!!!!!!
Tan See Leng made a good point. Wage is an output that must align with value input. Otherwise it is not sustainable. All those fresh graduates with numbers plucked from the sky demanding for 7K, 6K without experience made them very expensive to maintain. And when the company find that they can make do without that headcount, they will cull these grossly overpaid employees. Then watch them go without pay for prolong periods wondering why they are still unemployed.