Comments on: Want a one year PAID vacation? Get Fired NOW*

By: Parliamentary Plays Derail Reform « Alpha Dinar- talking finance

Parliamentary Plays Derail Reform « Alpha Dinar- talking finance — Wed, 21 Oct 2009 04:52:32 +0000

[...] issue of Kuwaitis laid-off from the private sector. The title of that article was a sarcastic one; “Want a one year PAID vacation? Get Fired NOW*”. Unfortunately, there are two major taboos in Kuwait: religion and populist demands. Examples of [...]

By: The Great Deleveraging « Alpha Dinar- talking finance

The Great Deleveraging « Alpha Dinar- talking finance — Sat, 10 Oct 2009 00:54:13 +0000

[...] been doing much to combat the recession, other than entertaining obnoxious proposals by MPs (see Want a one year PAID vacation? Get Fired NOW*). Kuwait’s government debt to GDP is slightly higher than 6%, largely due to the fact that high [...]

By: The Great Deleveraging « Alpha Dinar

The Great Deleveraging « Alpha Dinar — Thu, 13 Aug 2009 03:07:27 +0000

By: Sal

Sal — Fri, 17 Jul 2009 18:54:10 +0000

Great article Keynes! I liked your suggestion of the diminishing salary. Not only are people abusing the national labor support monetary incentive for years, but now are trying to discourage hardworking employees and “Reward” the laid off. .

By: keynesian09

keynesian09 — Fri, 17 Jul 2009 18:23:32 +0000

Ofcourse you do! Its a corporate account!

By: Ra'ad

Ra'ad — Fri, 17 Jul 2009 12:21:23 +0000

What about professional bankruptcy? … Do I get a higher compensation for that?

By: keynesian09

keynesian09 — Thu, 16 Jul 2009 19:58:08 +0000

I was discussing the article with a couple of friends when I had an interesting thought:

4500 recently laidoff (TIMES) 12 months (TIMES) KD700* ≈ KD38 Million .

Isn’t it IRONIC that while everyone is grilling the Minister of Interior for wasting KD 5 Million, most people are applauding the efforts of parliament members to waste KD 38 Million!

*KD 700: Calculation based on a very conservative estimate of the average salary of the 4500 unemployed plus their national labor support.

By: keynesian09

keynesian09 — Thu, 16 Jul 2009 18:46:47 +0000

Q8iya:
Its sad.

Naser:
Thanks for the compliments. I was very impressed by Dr. Aseel’s point of view which I read only today in several newspapers.I applaud her braveness!

Farah:
I’m gald you visited our blog and enjoyed the article! The issue at hand inspired me, not the Al-Qabas article. I only used the photo from Al-Qabas. I did read the article and was impressed by Markaz’s stance on the issue.

I am a follower of Markaz blog which I believe contains a wealth of information and interesting analysis. Yet, I’m disappointed in the fact that I wrote a comment on an article by Mr. Amrith Mukkamala more than a week ago and no replied.

By: farah al-essa

farah al-essa — Thu, 16 Jul 2009 17:18:28 +0000

Nice article! Glad the article in Alqabas inspired you to write this. Specially since it was inspired from data provided by Kuwait Financial Centre “Markaz”

By: Naser

Naser — Thu, 16 Jul 2009 16:22:30 +0000

I totally agree with your statements above. The parliament is rewarding bad behavior.

It is noteworthy to add that Dr. Aseel is suggesting that the Parliament and the Government work on a permenant solution that involves the Private sector rather than the easy solution of just splashing money on laid off workers. I think a well-thoughtout plan is much better, and it will give the Private Sector a say.

BTW the article’s title is great. It summarizes the whole issue.