Being productive with fewer workers

Click HERE
Gives a good background on the economic reality of Singapore..

Note the opening BANG using a recent event/eg to underscore a trend, which in this case is the writer's theme/stand....


"We have a difficult task cut out for us but we have no choice because (for) bigger countries, if you do not perform so well, you have the hinterlands.
"We do not have anything but ourselves. So, to go forward, we have got to improve our productivity and maintain our growth because only then can we have good jobs and new opportunities for our people."

I thought this is very true....Hong Kong, Shanghai can fall back on China, New York on the rest of US, London on the rest of Britain, Germany on the rest of the EU, but Singapore has only got herself and no one else to fall back on for recovery if things go wrong....and we have got no natural resources as well. We also cannot compete on numbers as we do not even have enough people in the first place (and those currently existing do not want to give birth to more) and we are not too keen to have our numbers beefed up through foreign imports......so the only alternative is to maximise output from what little input we have, and the answer to that is technology and education.....Educate to make every single digit o us 'powerful' and use tech to compensate for shortfall in numbers so that we can move up the value chain which will enable us to have more output with little input....blah blah blah....