To track some personally noteworthy events, observations and thoughts, letting them age and savor/regret them again a long time later.
Sunday, August 19, 2018
ESM Goh proposes good but not great monkeys
Goh is only interested in what works for Singapore. Our leaders are no different from Cao Cao. From time to time they need to borrow some heads for the good of the country. Recently they had been borrowing many heads in the guise of FTs. When EDB can't find the high paying jobs for highly trained locals they have to settle for good enough and cheaper foreigners.
The better Singaporean engineers can either suck it up to lower pay or head for Silicon Valley and be handsomely remunerated. That is the meaning of attracting investments and creating good enough jobs. FTs loved it, locals with high local cost find themselves under employed or worse, high potential fresh graduates do not get the working experience and training they need. Just go and check how they are doing audits now at the Big Four. The standards were far higher thirty years ago when we were still a developing country.
In my previous post as usual without much elaboration I submitted that we have no choice about the monkeys we have to live with. These monkeys will likely work especially for their families and associates interests. They like the FTs they bring in would be good enough but not great.
We will continue losing our best and brightest to other countries, especially America. Come on, even the best FTs come here as a stepping stone to the USA. Even after Trump makes America worse, they will still be a great nation.
Our leaders do not want to be leaders of a great people because they can't and specifically the EDB can't with the other agencies unable to foster enough indigenous opportunities. They are only capable of leading good people. A silent brain drain of great people is going on in Singapore. Family held some back or bring back some but that homeward pull is also diminishing.
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