Foreign workers hit all-time high?
I refer to the article “Unemployment rate for Singaporeans improves in first quarter: Manpower Ministry” (Straits Times, Apr 28). It states that “The seasonally adjusted unemployment rate was 1.9 per cent as of March 2016. The rate for citizens fell to 2.6 per cent, from 3 per cent in December, and that for Singaporeans...
0.9% p.a. real wage growth in 10 years!
I refer to the article “When wages race ahead of productivity: Should we worry?” (Sunday Times, Apr 24). 0.9% p.a. real wage growth in a decade? The real average wage growth was only 0.9 per cent per annum from 2004 to 2014 (Source: Ministry of Trade and Industry Economic Survey of Singapore 2015). To put this in perspective...
The very thing LKY dreaded
Lee Kuan Yew once said in an interview: “It’s the friendships I made and the close family ties I nurtured that have provided me with that sense of satisfaction at a life well lived, and have made me what I am.” Clearly, family ties and relationships meant the world to LKY. In his own words, it gave him the sense of a life...
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