![]() ![]() PM says no, saying the Government must convince the sheep S’poreans that the best way to protect livelihoods and families is to keep Singapore open for talent and business. If it accepts fewer foreign workers amid reduced interaction with the outside world, can it maintain economic growth? Almost all of the rest possessed a Work Permit, which includes laborers from lower-income countries engaging in construction and shipyard work as well as domestic helpers such as maids and nannies. If a graying Singapore accepts fewer foreign workers amid reduced interaction with the outside world, can it maintain economic growth?Īccording to the Ministry of Manpower, Singapore had 1,351,800 foreign workers as of June last yr, of which 14% were Employment Pass holders - professionals, managers and executives like - while another 14% were S Pass holders, or mid-level staff with skills. Its citizens are also rapidly aging, meaning that by 2030, nearly a quarter will be 65 or older. FTs make up nearly 40% of the labor force - far higher than in most of its neighbors. Singapore tightened its labor rules last September. (Skip the next 10 or so paras to “Hiromasa Matsuura …” if you know the facts and the PAP govt’s spin on the data. It’s an economist from an int’l bank.Īll this talk of a recoverying economy (Example:”Singapore economy looks to rebound in 2021″and STI recovering to last yr’s highs, reminds me of what a Jap economist was saying late last yr: the FT restrictions was no good for the economy. And no the person saying it is not a millionaire minister or a PAP social media or msm media running dog.
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