Singapore becoming Contract Society...................
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Just wondering, if enough of the workforce is on contract, and the economy shrinks resulting in unemployment, will we be hit with our very own version of "sub-prime crisis"? Will interest on loan rise? since a contract position can be seen as a less secure long-term source of revenue than a perm position?
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Originally posted by ahbeo:
Just wondering, if enough of the workforce is on contract, and the economy shrinks resulting in unemployment, will we be hit with our very own version of "sub-prime crisis"? Will interest on loan rise? since a contract position can be seen as a less secure long-term source of revenue than a perm position?
lol good thought good thought..
i doubt unemployment will lead to increase in interest rates, unless the unemployment is so so severe that drastic measures need to be taken..
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Originally posted by weymas:
lol good thought good thought..
i doubt unemployment will lead to increase in interest rates, unless the unemployment is so so severe that drastic measures need to be taken..
I mean interests on housing loans, car loans, etc etc. all the personal loans. Because your job is less secure. So those financial instituitions take on more risks in lending u $. So they will want to raise rates lol. Wonder if it happens, what is the effect on our financial instituitions' credit ratings (like standard & Poor's, Moody's etc) and their strategies to counter it.
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Originally posted by ahbeo:
yar i know what you're getting at.. i don't think they will raise interest rates so easily la.. hahaha.
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Originally posted by 4sg:
Sorry but I have to clarify this.
1 week of pay for every year of service?
I tot it is 1 month of pay for every year of service?
in singapore, nowhere in the employment law states that compensation has to be given for a retrenched worker. Those who give one month are very kind already... -
Originally posted by Junyang700:
That lady has been cheated. I thought it is 1/2 month for every 1 year of service?
haha as above..... -
Originally posted by Rock^Star:
in singapore, nowhere in the employment law states that compensation has to be given for a retrenched worker. Those who give one month are very kind already...
That's Y I say that Singapore is a very pro employer country....Its still best to be a boss if you stay in Singapore....look at my ex boss...owes me salary...I sued him...court say I win and?
I still didn't get back my money =) No money to sue him again...
***I moved on...though still complaining at times...***
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Originally posted by MPS_Angels:
That's Y I say that Singapore is a very pro employer country....Its still best to be a boss if you stay in Singapore....look at my ex boss...owes me salary...I sued him...court say I win and?
I still didn't get back my money =) No money to sue him again...
***I moved on...though still complaining at times...***
Hi. You are guy or girl?
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Am I too naggy? I am a girl...but does that matter?
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Originally posted by MPS_Angels:
Am I too naggy? I am a girl...but does that matter?
no lar lol. he is more keen to talk and know a ger. a ger will light up his attention mah lol.
