http://gintai.wordpress.com/2012/03/...giam-tong-dow/
this was written last year, b4 Punggol East election/ population white paper
Future social unrest will arise not from racial or religious differences but from the growing class divide caused by widening income gaps. The top 1,000 earn million-dollar annual salaries while the rest a monthly median income of US$3,070. The gap is untenable.
....
The key is to produce more with less manpower. The window to raise total factor productivity through application of knowledge and training is fast closing with the opening up of India, China and Indonesia. Singapore has lost two decades relying on low-wage, low-skilled foreign labour to drive economic growth.
...
We failed to bite the bullet in the 1980s to restructure our economy. There may be no second chance the next time around.