Redditer: Is Singapore's (lack of) social safety net sustainable?

[DaoMa]

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Is Singapore's (lack of) social safety net sustainable?​

General

Singapore's model is pro business, low tax

There is no unemployment benefits

There are little protection for workers when it comes to retrenchments, to facilitate the MNCs to move their offices here without fearing large financial losses if they decide to back out

It's also to ensure businesses have a constant supply of desperate workers

As for elderly care, the government is trying to make CPF stretch longer by increasing the contribution ceiling, adjusting the withdrawal age as appropriate, introducing CPF life etc

Then families are expected to cover the shortfall

Only if the families genuinely can't afford it will the government step in

But now due to AI, and our expensive labour force, more and more companies are moving away from Singapore

Parents are also having fewer children, thus increasing the burden on each

Then this generation is having record-low TFRs , so it's only gonna get worse

For how long can Singapore sustain this business-friendly-at-the-expense-of-workers model?