Retrenchment Is On The Rise
Last thursday, it was published in The Straits Times that the number of workers laid off last year rose for the fourth consecutive year. Half were Professionals, managers, executives and technicians (PMETs) who were the most vulnerable to layoffs, a trend that has continued since 2012. Read more here.
On Monday, labour chief Lim Swee Say said that Singapore has to move fast towards enhancing workers’ skills and creating new jobs or risks regressing into an ordinary economy and ordinary workforce. Read more here.
Yesterday, MAS said in its bi-annual Macroeconomic Review that Singapore will see slower wage growth despite tight labour market. It stated that the salaries rose only 1.6% in the second half of 2014. Far worst than the general inflation of 3%, food and public transport inflation of 15%/pa, education and medical inflation of 7%/pa. More here.
Today, the world is fast changing due to technological advancement. As a salaried worker, you will face a myriad of problems. You will need to constantly upgrade your skill and knowledge, work longer hours, face competition from the younger and highly qualified new entrant to the workforce every year, worry about retrenchment once every 5 years when recession comes, stagnant salary, etc.
This is the main reason why although armed with 3 degrees from the prestigious National University Of Singapore, I never stepped into the corporate world.
Instead, I used my knowledge to develope the Ultimate Sniper Stock Trading System that helped me to extract money constantly and easily from the market. If I want a pay increment, I just scale up my trading size without additional work needed. When recession comes, I can capitalise on the fear and short the market to profit easily.
Tomorrow, I am having a preview of the Ultimate Sniper Stock Trading course to fill up the last 4 seat for the May intake. Register here to be the next sniper trader to extract money steadily from the market as a second source of income.