Quote:In Budget 2015, we will recalibrate foreign worker levies to adjust the pace of our foreign worker tightening measures. (A) Defer 2015 levy increases for S Pass and Work Permit Holders Levy increases for both S Pass and Work Permit Holders that were previously scheduled for 1 July 2015 will be deferred by one year, to 1 July 2016, with the exception of Work Permit Holder levies in the Manufacturing and Construction Sectors (Tables 1 and 2). (B) Further adjust Work Permit Holder levies in Manufacturing and Construction Manufacturing Sector Levy rates for all tiers and skill levels will be kept unchanged at 1 July 2014 rates till 30 June 2017. Construction Sector The following levy changes will be made to incentivise the upgrading of existing R2 workers and hiring of higher skilled R1 workers: a) Basic tier levy for R2 workers will be raised from $550 currently to $650 on 1 July 2016 and $700 on 1 July 2017 to reduce the dependence on basic skilled R2 workers. b) The MYE-waiver levy rate for R1 workers will be lowered from $750 to $600 from 1 July 2015 onwards. c) The other levy rates for this sector will remain at 2014 levels (Table 2).
This issue has been extensively discussed.
To help our fellow Singaporean, we make it more difficult for foreigner to enter. When foreigners reduced and local increased, productivity decreased and overhead increased. Business affected and start their retrenchment program - end up more Singaporean out of job.
Secondary market including such as real estate and tourism are also affected by these measures.
As clearly shown, the job seekers exceeded the number of available jobs as of last month (Sep 2016).
Anyone have any idea how do we overcome it?