If the younger ones are not at risk and obviously you are not
worried for them, then what is the problem? brain-wash or no
brain-wash? What are you saying that is worthy for the older
generation??
Now what old generation are you talking about? those 40+, 50+, or
60+??
Retrenchment or lay off is common place these days. The question is
whether you can find another job later. If you are 30+, you're ok;
if you are 40+, you need to try hard and hope for luck; if you are
45+, slim chance, 50+ no chance. This is happening everywhere and
not just singapore. To reduce the chance of being lay off, avoid
american companies. To continue working, are you prepared to
relocate? or are you prepared to learn a new business and start
your own later?
The next question is whether you have savings or are you in debt?
have you the financial plan for the future?
Those who are now over 50 lived through periods of growth in
singapore, 1970 till 1995. If they don't gamble, their HDB bought
in the 70s can bring them a lot more now.
Those 40+ are the ones having problem. They were in their 30s in
1990s, they just got married and probably had young children, just
bought their house, at the peak. After 1997, if they lose their
jobs, they have real problem.
The reality is for everybody to see and you can choose follow the
government, WDA , some financial advisers or your own plan...but
you and you alone decide your own fate. No body wish to go into any
shit hole, and there is no guarantee you will not fall into one
even with your own plan.
Do your own planning and respect others choice.