The Progressive Wage Model & Minimum Wage Debate in Singapore| Mothership Tries to Explain...

You've probably heard all about minimum wage and the Progressive Wage Model (PWM), thanks to the debate in Parliament in September.
But what even is the PWM? What's the difference between PWM and minimum wage? And why the debate? 🤔
We try to explain these and more. Using a ladder. Literally.
#Singapore #MinimumWage #ProgressiveWageModel
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[@Capashenable]

Thanks you for the detail explanation. Yes I am lazy to read. Your video is for me

[@Hermantan]

Nice Explanation

[@bigpapi2658]

Minimum wage is a terrible idea!!

[@hilo4110]

PWM benefits both employees and employers, and the benefits for the employers is only assurance of an increase of productivity when employees salaries increase... what kind of stupid thing am I hearing and who will buy this shit?? I also can say that with minimum wage, you will have a employees with good morale already, since they salary is higher than what they are earning before.... And our ministers are saying that minimum wage can cause unemployment rate to rise?? A company will fire a executive just because a cleaning auntie is earning $100 more extra??

[@izanrevolution9147]

Better video on minimum wage and PWM than the one re-upload by Vulcan Post.

[@justinzy5]

I am confident with Jamus leading us to better future for SG as a young singaporean from the way he presents himself was confident, sincere and honest.

[@LonganLee]

I always like a pro establishment channel

[@farland789]

The more I look at Tsui Wen the prettier she looks. Nai kan.

[@MaestroSong]

I focused too much on the ladder... but now that you mention about her.. true!

[@xianseah4847]

She looks like a Filipino maid with fair skin.

[@farland789]

@@xianseah4847 how come you are using the phone and not cleaning the toilet? I will tell your employer.

[@arrowstheorem1881]

The rest of the world call it Lock Down. Sg has CCB. So, can say sg did not do a Lock Down. All this require commonsense lah

[@LonganLee]

It's just like instead of calling it a lock down, call it something else lah

[@skychaos87]

Not a fan of minimum wage, not because its a socialist model, but because its not very practical. I personally prefer universal basic income which should amount to cover people's basic needs but continue to allow the market to be free in valuation of talent and productivity.

[@yochipatootie]

Lmao...Me being a Sec 1 student watching this got lost within a minute....😂😂

[@leenusg]

PWM seems to be kicking the can down the road? Then employers continue to make use of the artificially lower wages.

[@Furyous96]

Isnt the increasing of prices defeats the purpose of the minimum wage?

[@diesopain260]

Minimum wage will never let you survive because of inflation. Inflation will always go up, if put in minimum wage surely inflate prices to higher.

[@arrowstheorem1881]

@@diesopain260 then by your logic , would it not be worse without min wage?

[@diesopain260]

@@arrowstheorem1881 Nope, with minimum wage. Inflation will increase even more. Take example a cheap boba tea in hawker priced $2 for a basic boba milk tea and is sustainable business now has to pay a minimum sum to workers then it has to inflate the prices of boba tea to pay staff What about premium boba tea shops. they might choose to cut down staff or inflate prices to much higher in order to pay staff and this is just one sector. All sectors inflate prices or cut down staff will result minimum wage not achieving the result that many hope for which is affording basic necessities like food, shelter etc for the poor and cause unnecessary unemployment rates to go up. Construction project cost will go up and housing prices will also go up. Then what happens $1300 is not enough to afford necessities. we need to pay minimum wage $1500 and you will see prices all go up even more but the problem still exist.

[@arrowstheorem1881]

@@diesopain260 But without min wage, the poor suffers too. Both models have issues. If it's so simple as you described it, Switzerland would not be having min wage. It just raised it a few days ago. When min wage go up a bit, businesses can use that excuse to raise prices. But why should that be the case? It's price control that is the required. See, price increases are never proportionate with actual cost increases. Most businesses profiteer using excuses. For example, cost went up by $1 but businesses cite this to jack up by $1.50. Legislation can be used to control prices. The poorest or those in need of min wage are about 0.1% of the population. If it's a few hundred dollars increase in monthly wage for this small amount of people, the nightmare you trying to sell will not happen if done right.

[@diesopain260]

@@arrowstheorem1881 i think you miss my point here. My point is that why should you put in a minimum wage that in the end still not beneficial to the poor and at the same time causing businesses to either inflate prices or cut the number of low skill worker down which result in unemployment rates to go up for these poor workers or low skill workers which will create even more social problems and then band-aid it with legislative to control prices which stifles the free market that we currently have. Switzerland doesn’t have a national minimum wage, it is decided by individual cantons. And Switzerland everything is expensive. In Switzerland you can live in rural areas and hunt or farm for a basic living. We live in a urban city environment there is no rural areas no forest and very little farming areas. We import almost everything. Singapore is already a very expensive country to live in. You don’t pour fuel on the fire to make it worse.

[@MrJohnQuek]

Singapore might be a bit late to the minimum wage conversation. In the current economic climate, the whole capitalist-socialist dynamic might be outdated very soon. Notice that minimum wage policies, regardless of the shape and form they come in presume that the people in need are employed but just in low paying jobs. However, there is a change on the horizon with unemployment potentially becoming the future biggest issue. The source of this problem can be attributed to monopolies/automation/AI/immigration/outsourcing/saturation. While the old adage that new better jobs are created when old ones get automated has been true in the Industrial Revolution, the changing market forces hint that it might be an outdated notion. New businesses tend to be staffed by relatively few highly specialized people as compared to large swathes of workers that would be required when factories were opened in the past. As powerhouses like Amazon capture the retail market, entire malls are seeing footfall specifically in retail shops plummet. Notice how even those creative jobs fueled by passion that automation has “freed” us up to pursue are often gig based jobs that most of the time go underpaid and face low job security .Regardless of which reason you find most compelling, the recent COVID situation has accelerated this trend. Right now new policies may be necessary to address these for example Universal Basic Income (UBI). UBI in particular has come to the forefront in places like the US and South Korea. In the US election, UBI was popularized by Andrew Yang in the Democrat Primaries. In Korea, during their lockdown, the Gyeonggi Province tried out a variation of UBI were citizens received money that could only be used at local businesses. It had a two pronged effect of supporting local businesses and helping citizens. With regards to concerns over how a policy like this is funded I would defer to Andrew Yang. In his meticulously detailed plan for UBI, he noted that an increase in tax rates might not even be needed. Merely enabling the IRS (IRAS in Sg) to enforce the current tax laws in the US would raise most of the money to fund his $1000 a month UBI plan. I suspect that even in Singapore with our low taxes, a similar move would raise substantial funds for some form of UBI. My own hope is that Singapore would pioneer innovative new policies and solutions to help Singaporeans similar to how it climbed from 3rd world nation to 1st in the early years of nation building.

[@hawkhea7527]

A Singaporean left his job in Singapore and joined as a salesman in a big departmental store in Australia. On the first day, the Singaporean worked with full vigour. At 6 pm: Boss :- How much of sales did you do on the first day? Singaporean: Sir, I attended to 1 Sale. Boss : just Only 1 sale the whole day? Usually every salesman here does 20 to 30 Sale transactions a day. Well, tell me what is the money value of your today's one sale? Singaporean: $93300 dollars. Boss : What! Unbelievable! But how did you do that? Singaporean: Sir, 1 person came and I sold him a small fishing hook. Then a mazola and then finally sold a big hook. Then I sold him 1 big fishing rod and some fishing gear. Then I asked him where does he go to catch fish and he said in the coastal area.... Then I said it would need a boat. So I took him down to the boat department and sold him a 20 ft double engine scooner boat. When he said the boat won't come in his Volkas Wagon, I took him to the auto mobile section and sold him the new Deluxe 4 x 4 blazer to carry the boat. And when I asked him where he would be going fishing ??? He didn't plan anything. So I took him to the camping section and sold him a six sleeper camper tent. And then he took groceries worth $ 200 and 2 cases of beer. Now the boss took 2 steps back and asked :- *You sold all this to the man who came just to buy only 1 fish hook*??? Singaporean: "NO, SIR..." *He ONLY Came to Buy 1 Tablet For his Headache.... I Explained to him that Fishing is the Best Way to Get Rid of Headaches.* Boss : Where did you work before ??? Singaporean: Yes, I was a Minister in the government of Singapore: On any minor issue, we make it seem like we are helping our people, but we end up making them pay for a lot of useless stuff by making them believe it is good for them.

[@thatredditdude1971]

aiyo

[@MotherOfGodsoOP]

lol the commentators. are you guys expecting them to criticse the government just for the sake of it or smth? they did a pretty good job staying neutral and explaining, but it just so happens that when you get through the fancy sugar coating by jamus, the PWM is indeed superior

[@pukubee683]

Jamus lim scam

[@laurentmisso6732]

Whats the point of proposing a new model when you dont even know the details when asked. Then agree with them in principle??

[@harharhar123]

half step to the left

[@hilo4110]

Propose a new model for the government to consider?? This is why Jamus Lim say he wants the government and the opposition to have a study if the minimum wage framework beneficial anot. If our government and our opposition work together and push a better framework, wouldn't it beneficial for Singapore??

[@leederek]

@@hilo4110 yes ba, but if want to give suggestion at least give a good one? you really want to use the minium wage model; start losing job then happy meh. somethings don't need to try already know what will happen. or you want company to replace you with cheaper machine?

[@hilo4110]

@@leederek Like i mentioned in other comment, Just think about it, how many people will be affected by minimum wage?? Less than 10% or 5% of our workforce. We are not even talking about thousand dollars increment in pay. We are only talking about hundred dollars increment. Do you really think that a company will leave Singapore or lay off a manager/executive just because they are paying a cleaning aunty $100 more?? Isn't this ridiculous?? Also if automation is really a cheaper option, no matter how low you are asking the company to pay you, they will still not hire you. Because they simply do not need manpower for this task. It is about supply and demand.

[@austinbyrd4164]

@@hilo4110 Minimum wage causes an artificial increase in automation where the market doesn't demand it. Where labor would be more optimal for everyone. "Do you really think a company will leave or go somewhere else just because they're paying a cleaning lady a $100 more?" If they actually had to pay it, then definitely. That's dramatically unprofitable, but they don't pay her more. They'll just fire/deny new hires, of which are disproportionately lower skilled/capable. That or rise prices, lower quality working conditions, and/or benefits. "If automation is the cheaper option, no matter how low you are asking the company to pay you, they will still not hire you." Complete BS. Not all automation is more profitable than employment. That's why those jobs are still around. There's still market demand for labor and what they bring in *many* areas. Little things like people at the gas station who's sole job is to fill up gas. In places with minimum wage, they don't exist because their labor isn't valuable enough to make up the cost. That hurts everyone. Consumers have to fill up their own gas, those people who the market still demands are now out of a job (even if it was just a little one, part time for experience), and the business owner has to cover the artificially higher costs imposed on him either on employment or prices. That's simple supply and demand. Minimum wage sucks.

[@cryptobuzz1680]

Minimum wage will destroy business and progressive wage model will abuse employee

[@jingren]

Sad truth. Singapore isn't a strong enough economy to adopt either across all sectors and jobs…

[@aqiff123]

Tsui wen is so pretty. Haih 😍

[@ipanmei3380]

the wayang from wayang party has reached a new high with this one. a growing number of voters like the act. who says the ideas need to be workable? it's like taking candy from a child. after being holed up for so long by strict parents, they'll find anything interesting.

[@Emsyaz]

You sound like Syaheer

[@hawkhea7527]

literally employer will eat up employees salary using PWM.

[@jackiehuang7485]

Literally just discussing the merits of PWM lol. Thanks but I can find all of this information on the govt website

[@avinashsingh8977]

cuz there none in min wage

[@jackiehuang7485]

@@avinashsingh8977 don’t need your biased opinion hahah

[@avinashsingh8977]

@@jackiehuang7485 whats bias abt it?

[@mohammadmikhail9491]

Mothership pls stop being so obvious in your PAP propaganda thank you..

[@WangErMao]

I don't like this presenter, she has this smart-aleckness which she fails to justify.

[@jenniferlim2250]

Hi. Can please speak a little slower....and enunciate your vowels more clearly? You're a bit too staccato in your speech. Danke!

[@nihaoma7744]

Daddy jamus should stop bringing his western ideologies to sg. We r not america.

[@skychaos87]

While i think its good to pick up ideas from everywhere but i also do agree that our circumstance is different. I don't think a socialist idea like minimum wage can be progressive in a country like Singapore. America does need it because capitalism has run amok and their people really need improvement in living quality. Personally i would prefer universal basic income, which should be funded by taxing more on the super rich and mega corporations, especially companies like FB, Lazada etc. or any other companies that profits from our data. Personal data in the 21st century should be a personal property. But more importantly, UBI does not hinder the free market in evaluation of talent and productivity. People should still feel incentivized to work hard to earn more and not be contented with a minimum wage scheme.

[@austinbyrd4164]

@@skychaos87 no, minimum wage sucks here. Capitalism hasn't "run amok" Bs regulations and terrible politicians have. Don't follow our example. When our country was a free market it was the most prosperous time for our nation. Keep and improve it over there.

[@skychaos87]

​@@austinbyrd4164 I'm no fan of minimum wage either, which is why i advocate against it in Singapore. I'm however for UBI on the principle that it does not hinder the free market mechanism. UBI does not dictate how companies operate or how much they should pay their employees, UBI is more like a safety net on a national scale for people to start off above the poverty line. I don't believe in the dichotomy of capitalism vs socialism. I'm pragmatic, i would employ and support ideas as long as it solve problems. Capitalism is good for progression, but it should never be allowed in the political sphere, which has happened in America. Which is why i said capitalism has run amok in America, lobbyist and mega corporate has capitalize and made profits through politics. Politics and governance should be collective, not individualistic. The reason we have democracy is to have the collective will decide on leadership and governance. Sadly its the wealthy individual few that dictates politics in America. Socialism should not be viewed as a dichotomy to capitalism. Things like taxes, social welfare, insurance and charity etc are all socialistic in principle, pooling money and using it for the needy. Like democracy and politics, i believe that forging a model for the health of the national and domestic economy should be based on collective principle. Thus UBI. It creates a equal starting point for every citizen regardless of their race, background, status or wealth. Unlike minimum wage, it does not interfere, at least not directly with the free market. Salaries, price of goods are still based on supply and demand. The key is with setting the right amount of UBI. According to Andrew Yang, having UBI set at around or slightly below the poverty line(12k/year in America), will create a starting point for people in poverty to move out of it. And since its barely enough for survival, people are still incentivized to work and seek for other incomes to afford better lives. Another argument for UBI over minimum wage is that in the 21st century, A.I and automation is going to displace many traditional and repetitive jobs, including high level ones like doctors and lawyers. At the lower level, self driving cars for example will displace a large proportion of jobs in the work force as soon as it becomes feasible. Car pool apps and companies are valued so high despite making losses is because they and the investors are betting on the self driving future. They are currently competing for the user data and platform in preparation for the automated A.I future. We've already seen big corporate shift production to overseas countries like China(which is also becoming too expensive these days) and later Vietnam and Africa. Minimum wage will not be able to serve its purpose if jobs don't remain in the country. UBI however would be funded by taxing the mega corporates, so companies are free to maximize profits shifting production overseas so long they pay their tax which in turn would benefit their own citizens at home. The circumstance in Singapore is different, so i wouldn't say it would work exactly the same way. But at least i think America's experience is worth analyzing. And since Singapore is pragmatic not ideological, we should be open to any sort of options.

[@chloeneale1888]

Oh yeah. Do you love me? 😍💋 💝💖❤️