According to the latest employment figures by the Ministry of Manpower (MOM), the government admitted that more foreigners are taking away jobs of Singaporeans in the latest quarter for March 2018 to June 2018. A total of 3,000 Singaporeans lost their jobs, with 60,600 being unemployed – excluding an undisclosed amount in long term unemployment. Foreigners on the other hand gained 11,800 jobs in the same period.
The official figure claimed that the unemployment rate of citizens grew by only 0.1% to 3.1%, but omitted the statistics on long-term unemployment which are not considered as “unemployed”. The Singapore government also crafted the employment figures by excluding married women (whom they dismiss as housewives), Singaporeans on national service duties, and elderly above the retirement age of 65 (whom they dismiss as “retired”).
The actual unemployment figure for Singaporean citizens is estimated at 6% if a proper methodology was carried out.
According to the MOM in June, the unemployment rate of those under the age of 30 is 5.6%.
The Singapore government doctored the unemployment figure because it is a key component of the ministerial salaries. An unemployment rate above 4.5% would mean no bonus for the PAP millionaire ministers. The current 3.1% unemployment rate means the ministers would get 150% payout above their salaries. Lee Hsien Loong’s S$2.2 million a year salary would mean S$3.3 million a year, if he fulfils other components. The corruption was legalised by his single party power in Parliament.
Also left out in the MOM employment report is wages update, where it is believed that over 80% of the working retirees are taking home less than S$1,000 a month.