Now they using media to tell us that we were wrong about the
foreign labour issues.
Instead of "selective quota" on foreign labour, they put a
quota on the total foreign labour, thereby causing a
labour crunch in those industry shun by Singaporeans.
They bring in more foreign labour to reduce "downward wage
stickiness" (meaning workers are willing to take a
job for way much less salary than is normal, else your job
will be taken by a foreign labour).
It makes no sense low-balling third world countries,
their cost structure is lower, you can never beat them at this
game.
