fbpx


LKY seat effect in full swing as MP Patrick Tay delivers stern warning about S’pore’s sluggish employment growth

Employment growth in 2015 is down and the lowest in 13 years.

Tan Xing Qi | January 31, 2016 @ 09:06 am

You probably know that 2016 is probably going to be a sluggish year for the Singapore economy — after all, recent news of Singapore’s employment growth probably put paid to all the vagueness.

Consider these headlines:

Screen Shot 2016-01-29 at 12.01.01 pm
Click to view story
Screen Shot 2016-01-29 at 4.39.41 pm
Click to view story

And if the usually awkward West Coast GRC MP Patrick Tay, who took the late founding Prime Minister Lee Kuan Yew’s seat in parliament, is also fearing the worst and doing his best LKY-esque warning,

Lee kuan yew ducks and drakes

You better get out of your seat and hide in your storeroom bomb shelter.

ending

So what exactly did Tay say on Jan. 28 in Parliament?

The Down

– Employment growth in 2015 is down and the lowest in 13 years.

Now for the Ups, which are actually downs 

– Redundancy is up in 2015.

– Unemployment is flat but we must not assume it will stay flat or low.  Tay expects an uptrend in unemployment especially for PMEs.

siao liao

And how can we weather this storm?

– Implement a PME (professionals, managers and executives) dependency ratio for “problem sectors” which display a weak Singaporean core and a weak commitment to hire and develop Singaporeans.

Tay threw shade at these particular sectors:

“I still hear murmurings about certain sectors, the IT sector and the financial sector in particular. The feedback is that there are still companies in these two sectors where there is a weak Singaporean Core and a weak commitment to create a Singaporean Core.”

– Impose stricter Employment Pass application conditions and requirements for companies with a weak Singaporean Core and weak commitment to create a Singaporean Core:

“We need to move not just from a Manpower Led to Manpower Lean economy but a Singaporean PME Led and Foreigner PME Lean economy for our locals to fully exploit the labour market and yet be able to fully realise their potential and skills.”

Looks like it’s gonna be a bumpy ride but, hey, these are suggestions Singaporeans can get behind.

But of course, there are no one-size-fits-all shoes. It took just 24 hours for the Singapore National Employers Federation and the Singapore Business Federation to hit back.

Screen Shot 2016-01-31 at 12.11.18 am
Click to read story

Well, you can’t please everyone, can you?

friends enemies

Anyway, it was interesting to note that while Tay was delivering his speech, the camera panned to former labour chief and now Minister for Manpower Lim Swee Say giving his full attention and looking proudly at Tay as if saying: “You’ve done well, young Padawan.”

patrick tay lim swee say

 

Looks like the LKY seat effect is in full swing.

 

Top photo from Patrick Tay’s Facebook page

If you like what you read, follow us on Facebook and Twitter to get the latest updates.

About Tan Xing Qi

Xing Qi deals T-Shirts to unsuspecting Singaporeans through a roadside stall, which, ironically, is not a physical stall.

 

Morning Commute

Interesting stories to discuss with your colleagues in office later

Close