The National Wage Council today recommended the wage guidelines for the next 6 months. The recommendation is to freeze pay or make pay cuts to help business keep their operating cost low and keep jobs.
The current financial crisis is the 3rd crisis I have ever encountered so far in my life and it is the worst of the 3. Comparing with the current crisis, 1997 Asia Financial Crisis, 2000 Tech bubble burst look so trivial.
Chinese New Year is just around the corner, so wish everybody to have good life in the coming year of the Ox and survive the current crisis, and become stronger :)
Friday, January 16, 2009
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