24 Aug '11, 2am

transitioning.org > The return of poverty……..: Number of View: 18 Written by: Lucky Tan On my way to work, I pas...

For a short period in the late 80s and early 90s, the HDB was able to stop building rental flats because the demand was too low as even the lower paid workers’ real wages for those holding full time jobs was sufficient to own a flat and raise a family. 2 decades later, after so much expansion in our GDP, we find the demand for rental flats growing again. Poverty is back and rising – Singaporeworkers today are not less skilled than they were in the 1990s, they work longer hours than ever before and have to compete harder than they ever did with the foreign influx. Yet what they got out of their working cheaper, better and faster is rising poverty.

Full article: http://www.transitioning.org/2011/08/24/the-return-of-pov...

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