Singapore is the most competitive country

Someone asked - how is it that Singapore can become the most competitive country in the world, when the ordinary people find it hard to make a living?

The answer is - being the most competitive is seen from the perspective of the business owners. They can make a lot of profit by operating in Singapore.

It is not the same as paying adequate wages to ordinary people. In fact, the businesses prefer to employ foreign workers that are willing to accept lower wages.

The local workers are squeezed out and have to accept lower wages to compete with the foreign workers. The local workers have to struggle to make a living.