It is always a critical issue to address the minimum wage and retirement age which eventually relates to the foreign labors.
While manufacturing sector heavily searching for more cheaper countries, service oriented businesses too think about the strategy. Sure, they cannot sell there so as manufacturing companies.
The high employment in Singapore is a much visible trend in manufacturing companies than service industries.
Raising the retirement age will only delay getting CPF contribution from Singapore board which is not something anyone expects. Read more...
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