"A growing influx of low-skilled, low-cost foreign labour has effectively increased Singapore’s overall labour supply. There is an ongoing debate as to whether this has depressed domestic wages at the bottom. I believe the available evidence for this link between the influx of foreign labour and depressed wages at the bottom is compelling."
- Professor Hui Weng Tat, LKY School of Public Policy,
Straits Times Article : Minimum Wage Law Works[Link]
I personally believe the foreign influx is also the main cause of structural unemployment among older Singaporeans age 45 and above. While many Singaporeans experienced first hand the negative effects of the PAP govt's very extreme foreign labor policy - importing foreign labor at one of the highest if not the highest rate per capita in the world - through housing and transport, the real economic pain is experienced by the bottom 20% of the population that saw their wages depressed as the cost of living rose. ...and the PAP is responsible for this through its lopsided and unbalanced policies.