Mindshare, a global media and marketing services company, conducted an anonymous survey involving over 2000 respondents early this year to find out about Singaporeans’ confidence in the future of Singapore.
The results have not been too optimistic:
In the survey:
• 65% said they don’t think they will be able to retire comfortably in Singapore
Most Singaporeans have less than minimum sum in CPF on retirement – HSBC survey
• 72% feel that the medical costs are getting too high
Singapore govt only pays US$825 out of the average US$2,273 (i.e, 36.3%) health spending per person, making it the most stingy govt among the first world economies. Hence, Singapore’s private spending on healthcare as a percentage of total health spending is the highest among the first world economies at 63.7% (‘PM: Raise individual’s Medisave contributions to cope with healthcare costs‘).
• 73% think that public housing prices are getting out of control
The HDB Resale Price Index (RPI) rose two percent to a new record high of 197.9, according to HDB’s flash estimates for the 3Q of 2012 (‘HDB resale prices hit all-time high‘).
• 75% said they should not be spending their entire working life paying off their housing loans
E.g. if a couple take a 35 year loan at 30 years old, they will only be able to pay off their mortgage right at retirement age of 65, thereby working their entire life to pay off their housing loan.
• 62% believe that Singapore leaders are paid too much these days
It’s not just our political leaders are the most highly paid in the world even after their so-called ‘pay cuts’ following GE 2011, our civil servants are also paid very highly. For example, the salary of the ex-permanent secretary in the French cooking saga is more than the U.S. President Obama’s (‘Perm Sec who went to France to learn cooking retires as millionaire‘).
• 69% think too many foreign workers are taking up job opportunities in Singapore today
To make things worse, some of the foreign managers are currently hiring their own kinds, directly discriminating Singaporeans.
• 73% said Singaporeans should be granted priority in employment
Singaporeans in Singapore today are not granted any priority in employment. It is very possible for a company in Singapore to employ 100% foreigners to work in the company since there is no quota limit for employment pass holders.
In other countries, they have labour laws to protect their citizens and put the interest of their citizens first. For example, in the U.S., employers must “attest” to protect U.S. workers [Link] so as to ensure that foreign workers do not displace or adversely affect wages or working conditions of U.S. workers. Failure to do so will render the employer liable
Published October 06, 2012
Singapore's emigration conundrum
In Singapore's Consumer Price Index last year, the cost of housing rose 8.3 per cent year on year, a rate of increase bested only by that of the cost of transport - another national bugbear - at 11.9 per cent -PHOTO: FILE PHOTO
IN the anonymous freedom of surveys, away from the glare of the National Conversation, more than half of us apparently do not want to be here - "here" in the geographical sense of the word (Singapore) instead of the existential, even though the two concepts have lately coiled themselves around each other in this country.
A Mindshare survey carried out early this year found that 56 per cent of the 2,000-odd polled agreed or strongly agreed that, "given a choice, I would like to migrate".
It is tempting to dismiss an amorphous and ill-defined wish in the carnival land of surveys that allow for split-second whimsy, especially when it's not clear if people have in mind leaving for the short term or emigrating - a permanent kind of departure.
Brenda Yeoh, a migration specialist and dean of the National University of Singapore's (NUS) Faculty of Arts and Social Sciences (FASS), is not surprised by the figure but is hardly alarmed, especially if the direr of the two possibilities - emigration - is considered.