TR EMERITUS

Now here is a simple Made-in-Singapore economic strategy contradiction for you: Unlimited access to cheap foreign labour brings down labour costs faster and more easily than productivity gains (notice I mention labour costs not unit labour costs). So long as the natives don’t squeal, this is an easy option to maintain... 

Good spot by CI about the PM contradicting himself: “A week ago he said that he is confident the country is taking the right growth strategies to move forward, but last night when talking to his NTUC running dogs he talked about a longer-term strategy to continue growing and creating good jobs. The 24 Oct remarks stated...