Rice Bowl

Discover the latest headline today: Stock stock soar after Citi bailout , Civil servants had to tighten belt & Philip axe 1600. Had a casual chat with my colleagues over the breakfast in Senai this morning. Some companies already enforce shutting down on Xmas and Lunar New year, hit impact especially on the manufacturing firms. And some had exercised MVC which mean cut salary to secure the job to avoid any layoff possibilities.
Even though the economic look gloomy over the next few quarters, i have one conclusion that came across my mind. I strongly believe Govt sector is definitely a "rice bowl" as compare to private sector during this tough period in Singapore. At least you had enjoyed the fruits for the past few years and the cutting of pay today is nothing as compared to the past you had earned. And, the best part is the salary will be adjusted (increase tremendously) when the Singapore GDP growth is positive. I do not have the privilege to work in Govt sector due to not entering into local University. And i do not have anyone to guide me which path to go. That is why i end up in private sector where the growth is slow and stagnant and the bonus depends solely on the company performance.
If my kids result is outstanding, I would encourage them to choose Govt sector as their top priority. This is where their career path shines regardless of good or bad times. I am not aware our Town council is so rich until today . Know what i mean ? *wink*

**My view is subjective, you may or may not agree. :)