anyone can make a lot of money since policemen wore shorts. nothing new about that. what's new is declining mobility.
1. Studies have also found
"a clear negative relationship" between income inequality and intergenerational mobility.[15
The Great Gatsby Curve Paul Krugman| 15 January 2012] Countries with low levels of inequality such as Denmark, Norway and Finland had some of the greatest mobility, while the two countries with the high level of inequality -- Chile and Brazil—had some of the lowest mobility.
http://en.wikipedia.org/wiki/Social_mobility
2. Declining wage growth
For full-time employed residents, growth in the median gross monthly income from work (including employer CPF contributions) over
2002-2012 and 1996-2002 was 1.3% p.a. and 2.7% p.a. respectively. The equivalent figures at the 20th percentile from 2002-
2012 and 1996- 2002 were 0.1% p.a. and 2.2% p.a. respectively. These figures are in real terms, i.e. after adjusting for inflation. They do not take into account Government transfers such as Workfare Income Supplement payouts that Singaporeans may have received during these periods. - See more at:
http://app.msf.gov.sg/Press-Room/Social-mobility-in-Singapore#sthash.r1OSrk2S.dpuf