It was reported by CNA that DPM Teo Chee Hean (one of the better ministers in my view) “said the government’s focus is on ensuring that Singapore remains the best home for all Singaporeans.
‘Beyond developing an attractive living environment and a thriving economy which sustains good jobs for its citizens, Singapore also needs to strengthen the bonds that Singaporeans have with one another and with the country.”
My bitch is about “good jobs for its citizens”. If anything the government has attempted to “developing an attractive living environment and a thriving economy” by making it difficult for the wages of citizens to rise despite rising housing prices and cost of living expenses. It does this via its “FTs are most welcomed” policy, which keeps wage costs down. To be fair, the FT policy also helps keep property prices up. See next posting.
It is a fact that FT HR employees aggressively pitch to the employers, the merits of their compatriots. I know a manager in an MNC wanting to employ a S’pore-trained lawyer, being sent nothing but the CVs of Filipino-trained lawyers by his, you guessed it, Filipino FT HR manager.
Even though it has now promised to moderate this policy, it has not changed its views on the importance of this policy. Hence its constant ministerial refrain that less FTs means less GDP growth and less jobs for S’poreans. And the constructive, nation building media and academics from SMU keep on harping on the unhappiness of employers who want cheap FTs, and the costs to the economy (including less full time jobs for ploy grads).