Many young people are worried about their ability to find a job on graduation. If they are unemployed, how can they repay their study loan and meet their daily expenses, especially if their parents are not well off.
Some people with jobs work long hours, so that they can keep their jobs. In the process, they are depriving other people of the chance to work.
This is a bad capitalist system. It exploits the weak so that the strong can get richer. It creases stress and economic insecurity. It leads to a declining population as many people decide that they cannot afford to raise children.
Is there a better and fairer system? Yes, but we have to think out of the box. To provide the basic needs of every person on earth, there is a certain volume of work to be done. If this volume of work is shared fairly among all the working people, there is no need for anyone to be unemployed or for others to be overworked.
Maybe, each person needs to work only a few hours each day and will have more time for leisure and socialising. They will also have more time to raise a family. If there are more children, there will be more work to take care of and educate the children.
There are advantages for a fairer system of distributing work and rewards - a better quality of life, less stress, more children, happier people. I am describing a more socialist society.
Tan Kin Lian
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