Singapore’s economy is growing - why aren’t all workers feeling it?
Singapore's economy is experiencing uneven growth, with AI and technology sectors thriving while domestic industries struggle with inflation and high costs. Experts warn that this disparity could lead to a 'dual economy' and exacerbate long-term wealth inequality.
Why it matters
Understanding the uneven distribution of economic gains is essential for policymakers to address potential social stratification and ensure inclusive growth.
If economic gains continue to be felt unevenly across different sectors, it could lead to a "dual economy" that may lead to more durable wealth inequality, say experts.
The report relies on economic data and expert commentary to describe market conditions without ideological framing.
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