Earlier quoted context omitted.
I think with China weakening, it can't continue. We are probably in for a second Asian Financial Crisis in the next few years. Also, Singapore is very much like Switzerland: they have to import many/most of their workers, except whereas Switzerland focuses on the high end, they focus on both (importing Chinese bus drivers and American programmers). Its a weird mix that isn't sustainable (also, they should stop using…
Citation? I visited last year and went to a tech meetup, and other than myself and a German guy who had been living in the area for 20 years, everyone else out of 60 people was Asian. Quite a few people I spoke to were from China and said they came to the country to study. As I understand they are provided full scholarships if they stay to work for X years after completing their studies. You are right about lower cla…
At some point, a country should provide social mobility to remain healthy. Switzerland is a great example: they take refuges who many take lower-level jobs, but their children are basically Swiss and move up the ladder quickly. Singapore isn't like that.