Even as a school boy I remember hearing this same message of being careful about raising the wages of the "lesser mortals". Back then LKY still had hair
Sounded reasonable back then, but now that the PAP has a track record, we can seen that the PAP is the biggest culprit to contributing to inflation on this island. From their multi-million salaries, COE, ever increase hikes to rentals, utilities, etc we know who is responsible for chasing companies out of Spore.