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In-depth research. Perceptive insights.

In-depth research. Perceptive insights.

Thursday, April 24, 2025

Tan Meng Wah

In-depth research. Perceptive insights.

www.tanmengwah.com

tanmengwah@yahoo.com

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Part I. Western Europe is More Egalitarian & the People there are Happier. WHY? Of the top ten happiest countries among 156 surveyed in a 2019 global ranking of happiness levels, Europe accounts for seven.

Part V. Rentierism & its History Inequality today is driven no more just by globalization but more and more by rentierism which has been around since the time of antiquity.

Part II. How Globalization and Influx of Foreign Workers Drive Inequality in SG

After the turn of the century, the plights of SG workers displaced by globalization were exacerbated by the influx of foreign workers.

Part VI. Singapore's State Rentierism & its Impacts on Inequality As demographic dividend dissipates while land dividend rises, economic development gravitates from income generation to wealth generation. Over time, inequality worsens.

Part III. Inequality in SG is Grossly Understated. Gini Coefficient understates relative inequality because of how it is calculated. The extent of absolute inequality which is unreported is even more alarming.

Part IV. SG Needs a Minimum Wage. Why?

Even though the government has implemented the Progressive Wage Model and the Workfare Income Supplement, households at the bottom are caught in a low-wage trap.

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Part VII. Tackling the High Housing Costs

The long term risks of inadequate retirement funding and rising financial vulnerability cannot be mitigated by dispensing more grants to enhance affordability in the short term.

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