Singapore Swing

I feel that if globalization really does not benefit the poor and the middle-class at all ,the government should really do something about it. Although globalization benefited the economy of the country, the middle and lower classes actually get poorer due to the slashing of labor prices, leading to deduction of wages. As there is always a larger percentage of middle and lower class people compared to the upper class, the government should face this problem seriously.

The other issue raised in this article is that foreign competition for jobs hurts the middle class and the lower class more. It gave example like unskilled workers like street sweepers and security guard are finding themselves undercut by immigrants willing to work for less. This is forcing native Singaporeans to change occupations or work harder for less pay. I feel that foreign competition is inevitable. The government cannot be totally blamed for this problem arising. The people affected should have the awareness to go to have the necessary skills upgraded to make them more competitive for their job. Everyone has a part to play to solve this problem.

In conclusion, there is no doubt that Singapore’s economy is blooming. However, the government of Singapore should address globalization in a way that everyone benefits from it, not only the upper class. If nothing is to be done, it may lead to the forming of an underclass and the making of social instability. Singapore would definitely not want to add on to their problems by having and underclass and social instability in the country.