30 Nov 2019
Among many reforms that the Government needs to implement in order to revive our sagging economy, finding ways to lower our manpower costs ( as a percentage of total manufacturing cost ), is a top priority
This reform is neither easy nor can be done in a jiffy
And, most certainly , it will not be a populist . If anything, like a bitter pill , it will be resented by many
But a sick person must take the bitter pill - so must a sick economy
In the following blog, I have conceptualized that bitter pill
I hope our Cabinet Ministers muster the courage to tell the citizens :
" It is a question of produce or perish . If we do not want the GDP to drop further to 3 % by March 2020, we must bite the bullet "
MYBLOGEPAGE.BLOGSPOT.COM
Low Manpower Cost = Low Cost Economy
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