it's inevitable....when singapore is already a globalised city
and with setups like casinos and resorts etc, how much do you
expect one bowl of laksa to be?
The PAP has been telling all this to us subtly over the years.
This is a trend that will never relent. Rental is the key factor
that kills many businesses. And salaries still stay
depressed......so it's pretty much a double whammy. Just imagine, a
fresh poly grad for example, a decade ago earned $1500, today it's
still the same. Ten years later?
And by that time, a plate of chicken rice costs $5?
A fresh uni grad earned $2000 a decade ago, today it's $3000.
But HDB prices have gone up a few folds? Ten years later? The
overseas filipino, indian or chinaman can replace you for half that
salary.
