Forums - View Single Post - increased minimum wage for EP-effective at saving Singaporean jobs?
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Old 27-04-2013, 11:55 PM
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I think high-end manufacturing like pharma drugs will survive in Singapore. People are willing to pay a premium for a cancer drug to be produced in Singapore vs India. These industries can easily pass the increased labor cost back to the consumers.

However, low-end manufacturing is doomed in Singapore.
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