"this results in greater increase in the economy due to multiplier effect..."
There are better ways of doing that - increasing exports by encouraging entrepeneurship etc.
"When pple stay here or come here to work, there are still a lot of other supporting jobs and niche markets..."
Actually the scope of job creation is quite limited. Really how different is one coffeeshop from another. Job creation is quite limited as there is already existing (high) local demand.
I never forget Warren Buffett's line about GDP - he said that he could get a painter to paint his portrait everyday and that would increase GDP but there is very little utility to such economic activities.
ya la, but when 1 million foreigners come into singapore to work, that's a different story
Aiyah, we must take Hougang as a model- only singaporean workforce. Making sure that singaporean has their rice bowl and not bread for breakfast, lunch, dinner!!!
Originally posted by xiaoxui:Aiyah, we must take Hougang as a model- only singaporean workforce. Making sure that singaporean has their rice bowl and not bread for breakfast, lunch, dinner!!!
Because HG can! HG Boleh!
Europe Boleh!
Japan Boleh!
S.Korea Boleh!
Actually its a simple thing that rest in the hands of POREANS. so simple.
Originally posted by xiaoxui:Aiyah, we must take Hougang as a model- only singaporean workforce. Making sure that singaporean has their rice bowl and not bread for breakfast, lunch, dinner!!!
very true, hougang ...last fontier of a dying race of locals?