Hong Kong’s democracy movement has raised issues such as income inequality and an increasing cheerless economic outlook, especially for the younger generation. Not coincidentally, these are the same issues that are causing Singaporeans to despair over their future.
Despite the fact that, according to the Economic Intelligence Unit, Singapore lays claim to the dubious honor of being the most expensive city in the world, there is no minimum wage in Singapore. Is it any wonder then, that amongst comparable economies, the island-state has one of the highest levels of income inequality? Singapore has the highest proportion of millionaires in the world but nearly 5% of the workforce have an annual income of less than U.S.… Seguir leyendo »