The pincer squeeze
Singaporeans are just like a nut in between two pincers, the rising cost of living that makes us less competitive and Sing $ that gets to buy lesser things at home. People who think that their salaries are going up, if not in big percentages are actually getting a pay cut. How far can this go on before we wake up and say shit, what is happening? The next round of retrenchment when companies start to move out of Singapore, when jobs are gone, will be very serious when there is no income and prices of everything at sky high.