Tuesday, May 10, 2011
Social media - a blessing or a curse?
Analysis of "Sam and the SDP"
After watching the above video, here is my analysis.
Firstly, there was one statistic that struck me as unbelievable, namely the statement “[PM Lee] is the highest paid politician in the world today, earning more than the leaders of the US, UK, France, Japan and Germany combined” and the caption says “$10000 a day”. Assuming the “$10000” is in Singapore dollars, I did a bit of research to prove or disprove this. I turns out that different parties have different values of what he earns, from S$1570000 to S$1958000. This is a maximum of $5400 a day, not even close to the “$10000 a day”. As for the “[PM Lee earns] more than the leaders of the US, UK, France, Japan and Germany combined”, it is true that PM Lee is one of the highest paid heads of government. Even though he may not earn “more than the leaders of the US, UK, France, Japan and Germany combined”, he still earns five times more than US President Barrack Obama (US$400000 a year).
I will now move on to the proposed policies by the SDP. Firstly, the SDP proposes a minimum wage policy. Dr Vivian Balakrishnan has refuted this with three reasons – firstly, “if you raise wages overnight, and it is not competitive, the company will close”; second, “if you just raise the wage instead of improving the capability and training and education of the worker, you're just fooling yourself”; and lastly, “a minimum wage does not help the self-employed”. I feel that there is a way around this, by making the minimum wage high enough for the poor menial workers but too low for the average Singaporean. Firstly, most employers would already pay the worker above the minimum wage, even with this minimum wage policy. It will not cause employees to be less motivated, as it is the bare minimum for a salary. But most importantly, it targets employers who mistreat their employees and do not give them enough of a salary to sustain themselves.
Next, the SDP encourages “hiring Singaporeans first before considering hiring foreigners”. However, what is currently being encouraged in Singapore is hiring on merit. I personally agree more with hiring on merit, as this would both benefit employers and employees. Why? Firstly, the employer would be able to obtain the ‘best man for the job’. He would be able to obtain talent to carry out his goal, no matter whether the talent is foreign or local. Next, it is fairer to the foreign employees who truly has more talent but cannot be hired because he is not a Singaporean. Furthermore, this would motivate Singaporeans to work harder.
All in all, I am not convinced by this video. Why? It is blatant propaganda.