3Boys:
Actually this is pretty preposterous.
The easiest, short term thing the government can do to stay in power is to take the short term view and do the popular thing by spending, subsidising and putting up barriers, so-called 'protecting' Singaporeans. Its also called 'kicking the can down the road.' Also known as 'bowing to public pressure.'
And then we can end up like Greece/Italy/USA (take your pick).
I don't know about you, but I want a financially viable Singapore for my children, not one owning debt to a dozen countries.
They have given subsidy after subsidy in order to placate the public. What we really need is to keep the cost of living affordable but since they have let in too many foreign talents in too short a time, and not enough infrastructure like transport and housing to deal with the influx, it's driving prices up.
Now that the floodgates have opened, they can't possibly ship everyone back home. And they are telling us we will not be a competitive economy if we stop the foreign influx but at what cost? Only the ministers' pay are pegged to GDP growth, what about the normal Singaporean?
And we are not stupid, we know we need foreign talent to boost the economy but not just ANYONE who wants to come. FT are supposed to add value, not destabilise our way of life.
Sorry if I seem I'm ranting... :rant:
I just told my husband just now over dinner that I think we should consider emigrating. I ask myself why I didn't have the foresight of going to the states to give birth like my SIL did. :gloomy: