17 Feb '12, 2pm

At the core of Singapore's economy is the participation of foreign workers. Former Minister Mentor Lee Kuan Yew...

At the core of Singapore's economy is the participation of foreign workers. Former Minister Mentor Lee Kuan Yew has said that without such guest workers, our economy would collapse. Additionally, he indicated that in 2010 “we've grown in the last five years by just importing labour." (emphasis added) Given such a scenario, it is to be expected that Finance Minister Tharman Shanmugaratnam, in releasing the 2012 Budget, has focused on the subject of foreign workers and the issue of productivity. Sadly, however, he has said nothing new. In calling for the foreign-workers levy to be used to boost productivity levels, he is in effect repeating the Budget he presented in 2010 which called for a gradual increase in the levy to reduce our dependence on foreign labour. Mr Lee Kuan Yew added a time frame for it: "The next five years, we have decided we will tier down our need for fo...

Full article: http://yoursdp.org/index.php/news/singapore/5145-response...

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