31 Jan '13, 1am

What is it like to be 50 years old and jobless?

Yesterday, the government released a White Paper projecting that Singapore’s population would be 6.9 million by 2030. I suppose this is a hint that the government is going to open the floodgate to import more foreigners in order to meet the population target. After all, going by our nation’s current low birth rate of 1.2%, it is not possible to reach this goal through natural replacement. The government’s rationale for importing immigrants is because Singapore needs foreign talents to support the economy. Our unemployment rate has been consistantly low for the past few years, hovering about 2-3%. Yet many Singaporeans, especially PMETs, have complained that foreigners compete with them for jobs in recent years. This made me wonder aloud whether the influx of immigrant should be calibrated. I mean what kind of foreign workers do we really need to import to sustain our econo...

Full article: http://thefinance.sg/2013/01/30/what-is-it-like-to-be-50-...

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