DEVELOPED Singapore has been beating a hasty retreat from its affluence and oversized dream to get over its worst economic downturn in history – and the results are beginning to tell.
A painful transition of job-pruning and cost-cutting in the last few years – part designed, part market-driven – had caused the people much hardship and unhappiness. For a long time, this column had featured stories of growing despair and record unemployment, especially among graduates and workers over 40 years old.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
