I've been reading an article regarding foreign talent (FT). Just one sentence caught my eye. The gist is that if they do not include the quota of FT, the companies are going to hire them illegally anyway.
I guess the authorities are in the bind. Allow them in and incur the wrath of the locals. Don't allow them, more illegal immigrants, who might cause some problems (e.g. crime)
I think there could be a 3rd option. Up our value chain such that only locals, or those will specialized skills can do it. Locals then have to train themselves up to fit into those jobs. Upping the value chain usually means better margin. Based on this, theoretically, you could get more locals employed, the locals get paid more, the companies become more effective, and make more money. Virtuous cycle...
But that's what the government has been trying to do for the past few years. Hmmm... Guess the companies find it hard to change. This could mean that there's no demand for such services, and no one is willing to pay for those kind of services. So who is the biggest consumer of services here??
Oh no... It has went 1 full circle again.
No comments:
Post a Comment