Bleak future if productivity is not raised: MM
Kor Kian Beng
Fri, Feb 19, 2010
The Straits Times


MR LEE Kuan Yew last night painted a stark picture of what failure to boost productivity growth could mean for Singapore.

To continue to grow and prosper while slowing the intake of foreign workers, the same number of Singaporean workers must produce more, said the Minister Mentor.

Otherwise, there will be a deflating economy, and knock-on effects on jobs and asset values, he said.

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