Saturday, May 11, 2013

Insider/Outsider

http://news.asiaone.com/News/Latest%2BNews/Edvantage/Story/A1Story20130510-421692.html

Few weeks ago my boss told me, during my exam week, that my CAP isn't all that matter. As a scholar having signed on the line, I know that's not the case, not at least for me.

Now people are saying the signal these messages sent are mixed compared to the elitist view that our forefathers had in inter-marriage between graduates. How disrespectful these group of people are to the word (and fact) "change". If there is one thing that is constant, we all know what it is. Why get so hung up over policy RESPONSE of the government? In fact, what drove these responses? That's right, the citizens' call for change. "Ubah", and now you're complaining "why the change?"

Seriously?

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The debate about poly and uni grad having the same pay to "discourage" poly grads of the need to further study makes little economics sense anyway. Even without the difference in skills level, the 3-4 years worth of university education presents an opportunity cost that must be compensated with a higher wage in future; who in the world would want to spent extra money, effort, time and youth on more education if there is no incentive to it, everyone will just hold a diploma and watch the country go onto a downward spiral.

I bet they didn't even know that males who have served 2 years of their time are getting higher pay than their female counterparts in public and certain private sectors.

Then again, such "wage bargaining" will happen (albeit leading to an economic inefficiency) when the proportion of people "outside" the graduate group gets larger than the "insider"

The question that will remain then, is whether such economic inefficiency is more worthy than an "equitable" society.