Sharing of common sense and wisdom…


10th April 2012

by:  Roadside Picker

News That Make People Think

(1)   In Lion CITY –  Pay/Salary Not Enough

It goes to show that where’s the impressive GDPs over the years were distributed in a society?  Will the professor’s plea be taken seriously or just blowing hot air? 
His proposal of wage freeze for mid -high income earners and to increase low-income labour force wages sends an alarming signal to economists who believe in free market system of “fair distribution”. 
What the professor trying to say is that an immediate short-term (e.g. 3 years) “rebalancing of portfolio” may serve more good in the long-run.
The issue is more complex than simply closing wage gap of course; it involves the state’s changing economic landscape as well as strategic resources (human resources, capital, social security, energy, innovation power) management. Strategic Trade-off is inevitable for this small state to stay at the forefront of social-economic development.  Forget about this seemingly magical buzz word PRODUCTIVITY.  The fact remains that it can’t keep pushing unlimited productivity increases with limited resources without drastic and fundamental sea change of current structure.

image

image

image

image

(2)   Most Stunning News Story/Photo  –  Life’s Protest

image

This photo story appears in TIMES magazine’s April 9 issue.  A Tibetant burns his life away in protest of China’s control of Tibet territory.

(3)   New New York Cab in 2013

Next year, the current iconic New York yellow cab running about in the city will be replaced by another yellow cab albeit it is “fatter” and more spacious. A fond memory fading away …

image

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Tag Cloud

%d bloggers like this: