Searching for truth in the midst of lies

I am not lost. I just don't know where here is.

Name:
Location: Singapore, Singapore

Interestingly Mundane

Trying to find my way around a fallen world, I am a child of God, neither fully understanding who God is nor what He says, but knowing and trusting that He is God no matter what I feel. A pilgrim on a life journey bashing my way through, A Singaporean who is passionate about things, a desire to live a life worth living.

Friday, July 22, 2005

Continuing Halt

Recieved By email:
The University of Canterbury is expecting further industrial action during the next two weeks by academic and general staff covered by collective agreements who belong to the Association of University Staff (AUS), the Public Service Association (PSA) and other combined unions.

We have been notified that 14 days of rolling stoppages at most universities in the country, including Canterbury University, will culminate in another one-day strike on 4 August.

It is anticipated that disruption caused by the second one-day strike will be similar to yesterday.

However, anticipating the impact of rolling stoppages, which could happen at any time as of today, is more difficult.

The University will endeavour to inform, if not forewarn, students and staff of any rolling action. -

Ok what? This is ridiclous. More random strikes?

To date, i can guess which lecturers are against the stike. Most of my economics lecturers are probably not interested in the strike. One even rebelled against the protest; a nice lecturer who takes me for two modules.

However, one lecturer made his stance rather clear. His first ten minutes of class ended in the sentence "... due to the Chronic Underfunding of universities by the government." Sigh.

Strikes are an inefficient manner to handle things. This occurs when both parties have insufficient information on the other, and as a result choose to act in a manner that is not a best response function nor a nash equilibrium.

But the question herein, is the method in which the government of Singapore handles this the most EFFICIENT manner? It certainly seems so. But this suggests more of a manner in which the Govt chooses to set the rules of the Game, which is make known the threat values of the employees. By withdrawing the ability for people to strike, effectively employees threat value have gone down considerably. The most they can offer is to quit. Which is not very much.

Is there a more efficient way to reduce transaction costs? Is there a way to share the surplus from the bargaining process fairly?

1 Comments:

Blogger simply jon. said...

perhaps it's just coz it's illegal in S'pore to hold strikes and demonstrations and all that - maybe that's why it seems to be so perfect, but in reality it's just coz nobody can do anything about it? =)

10:08 AM  

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