tag:blogger.com,1999:blog-8081742307252789733.post7096919090313716404..comments2024-02-14T04:53:18.295-08:00Comments on Singapore Dissident: Singapore. An economy for foreigners, not SingaporeansGopalan Nairhttp://www.blogger.com/profile/15399145588654603667noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8081742307252789733.post-8736711895526071062013-10-15T17:27:59.705-07:002013-10-15T17:27:59.705-07:00They, i.e. the PAP ministers will grow the economy...They, i.e. the PAP ministers will grow the economy at any cost as their multi-million dollar 'salaries' depend on increasing the GDP and the profitability of the GLCs, which produce more than 60% of GDP.<br /><br />One way to improve profits at the GLCs is to reduce the cost of labour by bringing in cheap labour from PRC, Philippines, Bangladesh etc, and drive wages down.<br /><br />Bad luck if this screws the 'digits' which is what LKY refers to Singapore Citizens.<br /><br />Anonymousnoreply@blogger.com