An open letter to Lee Kuan Yew #sgelections

Back in the 1990s Singapore's population then was just over 2.5m people, (partly because your of 'Stop at 2-child policy '). This number as your Government realized then, was far too inadequate to create a vibrant economic growth. A solution was sorely needed then, and you came out with the need for higher productivity from Singapore workers, to compete for business with neighbouring Asian countries which have larger pools of cheap labour market. That 'more productivity' policy as expected, was only marginally successful, as there was a limit to how productive a worker can be, so it failed to attract entrepreneurs to come to Singapore in droves. Your Government realized that it was fruitless to persist with that policy. A new way had to be found! Instant cheap labour! That was your magic wand you stumbled upon! So Singapore began importing cheap labour incessantly from the...

Full article: http://singaporeelection.blogspot.com/2011/07/regrets-of-...

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