Breaking out of low productivity and cheap labour....
The PAP has a habit of going along a failed strategy even after everyone can see the deleterious effects on our society and people. We just have to go back to what they said about the foreign talent policy as recently as 1-2 years ago to keep prolonging the policy even as the negative effects become apparent to everyone else.
When they can no longer deny the problem, they will perform a few tweaks and claim that the problem will be solved and all that is needed is time. But this low wage problem has been with us since the 90s. After denying there is a problem, they will admit it when it is no longer credible to deny it. Then they will make a few tweaks and proclaim that those tweaks sufficient to solve the problem.
Those who have thought through the problem know that we are not heading towards a solution but a deepening of the problem- Professor Lim proposes shock therapy, Ho Kwon Ping suggests we "complete the wage revolution" by raising domestic service sector pay[Link] and Tommy Koh supports minimum wage[Link].
But the PAP will not move from its current trajectory because it is deeply entrenched its ideological box - they can't think out of it until the worms eat through wooden walls and show up on the inside - then they will claim nobody could have possibly foreseen the looming disaster ....and these people paid million dollar salaries will deny, delay, resist amd follow old ideas until they are broken beyond repair.
"When we face problems, we acknowledge them publicly, and deal with them. We don't pretend there's no problem, no comments, studying the matter, thinking about it, will clarify one day. We settle now! You lie low hoping the public will forget the issue, and the issue will go away, the public will forget you, and might as well go away." - PM Lee