The mother of problems stems from driving high artificial GDP growth, achieved by imports of foreign labour and capital.
The results:
1. plunging productivity;
2. rising costs (including housing costs); and
3. social problems (including low labour force rate of 65% for Singaporeans*, Malay problem)
The mother of all solutions is really to slow the economy to levels of real growth. All problems will be solved.
Come on! Slower is better, cheaper and more honest.
* the Manpower Ministry realised its mistake in revealing the true figure and tried to change it to a more favourable rate by including PRs
