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Harder now to retool Singapore economy
« on: January 11, 2016, 03:44:04 pm »

... the bottom line is that Singaporean workers are expensive.

for us to be competitive again,  we need to either cut salaries or make cost of living less expensive so that workers don't clamour for more pay and add to wage inflation.

which is the more palatable option?   it doesn't take rocket science to figure that the latter is more "politically" acceptable.

hence I am negative property counters and property.

ps:  it is good to have a recession so as to blunt wage inflation and make Singapore more competitive again ...... gambatte !!!

"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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