PSP’s foreign talent policy proposals will hurt S’pore’s competitiveness, drive costs up: SMEs, economists

PSP’s foreign talent policy proposals will hurt S’pore’s competitiveness, drive costs up: SMEs, economists

19/9/2021 3:08:00 PM

PSP’s foreign talent policy proposals will hurt S’pore’s competitiveness, drive costs up: SMEs, economists

SINGAPORE — The Progress Singapore Party’s (PSP) proposals on foreign talent policy and ways to reduce competition for jobs will hurt the country’s competitiveness and increase costs for firms, said small- and medium-sized enterprises (SMEs), business associations and economists.

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The fact is many businesses in Singapore, especially many of those unscrupulous and heartless SMEs owners are suppressing low wages offered to locals and when locals reject it, cry-father-cry-mother they cannot employ anyone to justify cheap foreign workers! 😏🙄

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