Is Sinkieland a first world city or a third world joint? Are people and companies coming here because they see value in this island that could make their investments worthwhile as a package or just a cheap joint for low cost industries?
The picture painted is that this is a first world city where the talents of the world would like to be. And from the statistics on the huge influx of foreigners into the city to work, to become PR or citizens, this must be a choice place to be in. Surveys by international agencies also supported this view that Sinkieland is top choice for expats living and working.
If the finding is real, the city need not worry about companies setting up operations here and threatening to leave if foreign labour or half baked talents are not available. The city should be able to pick and choose and tell those companies that think low cost labour consisting of foreigners is the comparative advantage to set up operations elsewhere. But if we are being deceived and the reality is that this is another shit hole that no companies would want to locate here unless they can bring in third world cheap talents, then we have a serious problem to think about.
What is the truth? Is the city being held ransom by cheap labour intensive companies or really a choice destination, with good infrastructure, rule of law, ease to do business etc as the trump cards that put low cost labour as irrelevant?
One of the truths is that the high cost of operations is at the top and high rentals. Thus anything below top management has to be cheap. This makes sense to recruit more cheap foreigners to fill the ranks. And the reports that Sinkies are a minority in many foreign owned companies here is true. What choice do Sinkies have?
Are sinkies prepared to be a minority in the workplace eventually in the little island they called home? And not to forget, foreigners depressed wages but cost housing prices to go up, as well as cost of living. They are tearing away at the heart of Sinkies basic concerns.