it will come, an economic slump

The Straits Times editorial raised a very pertinent question today as it discussed about the reemployment of the aged workforce. While the govt is planning to revitalise the employability of Dad's army, if another economic slump hits us, the first to go will still be the aged. And if we have 6.5 million people, the problem will be multiplied accordingly no matter how much assurance we are going to get. And with the world economy going in cycles, it is only a matter of when it will hit us again and how serious.

1 comment:

Anonymous said...

It's about time there was an economy wide technical correction.

Too much fake paper currency and too much credit in the global financial system.