Here we go again.
Singapore is booming and earlier government projections have gone bust.
Not only has the government doubled its economic growth forecast to an astonishing record high of 13 to 15 per cent this year.
Plans to reduce the foreign influx and slow down to a more sustainable growth rate have also been put on hold.
More than 100,000 foreign workers are set to enter Singapore this year, reports the Straits Times.
Prime Minister Lee Hsien Loong is quoted as saying: "If we don't allow the foreign workers in, you are going to have overheating."
Read that as "Your wages will soar and property prices skyrocket until employers decide it is better to do business elsewhere."
So foreign workers do depress wages while making the economy more competitive, right?
Now if you think there are too many foreigners, well, you know what the government says: Make more babies.