A change in the economic policy goal? Too little too late?
At a dialogue session organised by the Economic Strategies Committee (ESC) yesterday, Finance Minister Tharman Shanmugaratnam claimed that one of the targets of the ESC is to increase the median wages of Singapore worker by one-third from $2,400 today to an inflation-adjusted $3,100 in year 2010. This represents an average real...
Should marginalization be encouraged for GDP growth?
In the past, the minorities in Singapore often feels marginalized as companies often seek job candidates who are ‘Bilingual’ which, in Singapore, is a colloquial term for ‘Chinese-Speaking’. The suspicion they had about Companies employing based on racial profile have always been dismissed by the ruling party and the...
Who actually benefits from our India and China Trade Agreements?
People have always wondered why is it seems easier for foreigners to get work visas or permits nowadays. The possible reason could be the trade agreements our leaders so eagerly signed on, to increase Singapore's Growth Domestic Product (which their bonuses and salary increments are tied to) without a thought for the negative...
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