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Singaporeans Need A Revitalized Social Contract

Posted by Think Centre under Features, Policy Watch, Opinions on 10 August 2017

Our island state was founded more than 50 years ago on the basis of “one united people, regardless of race, language or religion, to build a democratic society, based on justice and equality, so as to achieve happiness, prosperity and progress for our nation”. .. Half a century later, these very ideals have been eroded to the point where the livelihood of citizens are threatened ... wealth inequality has not improved in the last 5 years and income growth has slowed across the board except for the wealthiest. No matter how much assistance the government gives, there will always remain a segment of the population that cannot catch up. This is when social expenditure of the government must increase. .. The current exploitative nature of work is unsustainable where its workers clocked 2,371.2 hours in 2016, the longest in the world. .. It is ironic that the hardworking and old Singaporean workers cannot afford to retire even after a lifetime contributing to the nation’s economy. .. what then is the social contract of Singaporeans with regard to its employers and government?

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