http://www.channelnewsasia.com/news/singapore/quantum-leap-in/2552678.html

'Quantum leap' in productivity needed: Lim Swee Say

Unless Singapore finds a way to improve raise the productivity of its workforce, its days of high economic growth are over, the Manpower Minister says

*haiz*  singaporeans just screwed themselves by making a stand against foreign talents .....

I've warned before of the dangers of tightening the FT influx ....

now we are paying the price:
(1)  have to work either harder (no more time to surf sammyboy) or longer (raising retirement age) or faster (no more long lunch hours or chit-chatting during work)

(2)  no one to rent our properties to,  rental income drops,  property prices drop

noted Mr lim. we will do our best and slog til retirement

Singaporeans must now work harder or longer or faster - Lim Swee Say

Lim Swee Say in charge of labour or population growth huh? 

My point being that we need FT infux (the right qualified ones filling the gaps where singaporeans are not qualified or making up the numbers where singaporeans lack) - this will help sustain and improve productivity and GDP.

The secondary effect will be good rental income for retirees dependent on investment properties for their golden retirement 

Let's all cooperate and huat together in the year of the fiery monkey!