This was a planned post for the last General Election in Singapore where some debate surrounding minimum wages sparked my interest. It was stated that 90% of all countries have minimum wages and why is Singapore not in that group. Five years on, the world has progressed and today we are talking about U.B.I. or universal basic income and not minimum wages. So like our beloved SAF still conducting training based on WWII tactics, our economic argument on minimum wages had fallen way behind.
Economic health is of vital importance to Singapore. We were very fortunate to survive as a nation state. Looking back, this was only possible at that exact point of human economic development some 50 odd years ago. If Singapore was founded 50 years earlier, we would surely had perished. We would just become part of of our neighbouring countries given the global belligerence at that time with ...