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Mr Song Seng Wun, an economic advisor at financial service provider CGS International, said that it is also worth noting that any cut in foreign talent would cause a “multiplier” effect too, as each worker is not only a producer in their own industry but also a consumer.
“Without the extra mouths that come and live and work here in Singapore, namely the foreigners, who are you opening your restaurants to? Who are you renting your houses to?” he said.
He pointed to the COVID-19 pandemic as a real-life illustration of such an impact, where many foreign workers left the country due to border restrictions and many businesses came to a standstill.
https://www.channelnewsasia.com/sin...t-ageing-shrinking-workforce-big-read-4396461
“Without the extra mouths that come and live and work here in Singapore, namely the foreigners, who are you opening your restaurants to? Who are you renting your houses to?” he said.
He pointed to the COVID-19 pandemic as a real-life illustration of such an impact, where many foreign workers left the country due to border restrictions and many businesses came to a standstill.
https://www.channelnewsasia.com/sin...t-ageing-shrinking-workforce-big-read-4396461