tag:blogger.com,1999:blog-2439200743774853734.post6093213200477572409..comments2009-03-25T09:18:24.210+08:00Chi-Changhttp://www.blogger.com/profile/13468838767406254164noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2439200743774853734.post-65015279231495845722009-03-24T18:32:00.000+08:002009-03-24T18:32:00.000+08:00Chi Chang , the SMEs like the middle income earners are going to "die standing soon"......Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2439200743774853734.post-67796629288868119182009-03-24T15:38:00.000+08:002009-03-24T15:38:00.000+08:00Thanks Cyril,<BR/><BR/>You're right, the devil is in the details. In the specific case of some very creative Malaysian businessmen creating phantom workers, we may deter this by requiring that they show proof the Malaysian is replacing a foreign worker who has been employed at least for the last three months.<BR/><BR/>Chi-ChangChi-Changhttp://www.blogger.com/profile/13468838767406254164noreply@blogger.comtag:blogger.com,1999:blog-2439200743774853734.post-90852579788232445442009-03-23T11:51:00.000+08:002009-03-23T11:51:00.000+08:00There are some inherent negatives to this scheme. The job market gets distorted and you will create a problem of under-employement. The problem starts when you pull back the job credit scheme and people start losing jobs. Some savvy Malaysian companies will also create phantom workers to take advantage of the scheme.<BR/><BR/>It is still better than leaving all the dosh with Khazanah.<BR/><BR/>CyrilAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2439200743774853734.post-73348672456150964372009-03-18T16:58:00.000+08:002009-03-18T16:58:00.000+08:00Subsidising wages would be a god-sent given that a lot of SMEs that I know is reducing staff left, right and centre. But it is not going to happen given that Najib in a recent speech talked about not putting money directly into people's hands. <BR/><BR/>As an aside, I would like to say that the second so-called stimulus plan is a joke.Collateral Damagenoreply@blogger.com