There have been all kinds of criticism against Lim Chong Yah’s shock therapy but all seems to miss the most dangerous point. His freezing of the pay of those earning above $15,000 is perhaps the most dangerous of his recommendation. Singapore will definitely sink and become another third world.
With the freezing of top talent’s pay one thing will sure to happen. They will be underpaid and what will be the outcome? Corruption! Corruption will become rampant. For the moment corruption is controlled and prevented from rearing its ugly head. Everyone is paid so well that there is no need to be corrupt or be tempted to corrupt. Once the deserving top talents are not paid enough, this monster can no longer be restrained.
Think the good old professor must rethink and find a solution to this big risk. Don’t believe, some may openly say I no pay enough so I corrupt lah. Don't pray pray.