Two graphs that show what has gone wrong with Singapore

[Sammyboy RSS Feed]

An honorable member of the Coffee Shop Has Just Posted the Following:

In Singapore, we have low wages but a high cost of living. As a result the lower income Singaporeans are locked in a daily struggle for survival, and middle income Singaporeans find retiring comfortably a great challenge. The high cost of living is due to escalating property prices and rentals which force businesses to raise prices in tandem, as well as the government’s highly inflationary policy of allow hot money from around the world unfettered access to our banking system. Low wages are due to artificial wage suppression by massive foreign influx.

This is a sad state of affairs. Let us make our voices heard on all available platforms, and especially at the ballot box.

Graphs: http://www.sgpolitics.net/?p=8697


Click here to view the whole thread at www.sammyboy.com.