Discussion about this post

User's avatar
Jesse's avatar

Great article. I agree and my impression is that if you look at history, taxes and inflation are the two factors that cause the most social unrest.

Expand full comment
Sanford Chee's avatar

Ravi Menon, in last year's IPS-Nathan lecture series, made the case that it was better for Singapore to shift towards a high-wage, high cost, high productivity economy rather than rely on low cost labour. The challenge is how to achieve high productivity.

https://lkyspp.nus.edu.sg/ips/news/details/event-summary-9th-ips-nathan-lecture-series-lecture-ii-an-innovative-economy-by-ravi-menon

Expand full comment
2 more comments...

No posts