Market Review and Trends
The Day After Tomorrow
By Lizardo Realm (Investment)  •  September 12, 2015
Singapore woke up on 12 Sep 2015 to experience the rude shock to discover that the opposition had gained the majority in Parliament. The PAP was now the opposition! LKY turned in his grave.       Soon after, Parliament enacted rapid changes. CPF Life was done away with, and all citizens could withdraw their CPF upon reaching age 55. Foreign worker quota was capped and drawn down. Minimum wage was introduced.   The citizens were jubilant. However, soon after these changes, things started going awry. With the introduction of minimum wage, productivity dropped. The higher wage resulted in the cost being passed back to the consumer. Without the augmentation of lower wage foreign workers, cost had risen. As a result, food courts and coffee shops raised their prices. Workers lament the increasing cost of living.   Some companies started learning from the Japanese and introduced automation to overcome the manpower crunch and increase productivity. ......
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By Lizardo Realm (Investment)
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