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How Immigrants Saved Singaporeans from Losing Jobs During the Pandemic
With high numbers of foreigners in the workforce, Singapore's labour market enjoys flexibility few other countries have. It is a model the rest of the world is bound to follow in the future.
Much has been said about Singapore’s resilience to the economic woes caused by the Covid-19 pandemic — in no small part thanks to its deep reserves that provided the necessary resources to keep the economy afloat, without forcing the government to go into debt to bail out local citizens.
But there’s another characteristic of Singapore economy that has gone largely unappreciated and ironically, is also often a target of scorn from some Singaporeans and local wannabe politicians: its labour market…