Another massive rent-hike and another cheap local eatery out of business. The government has made a point of telling us that while cost of living may be expensive for expatriates, things are still very affordable for the so-called “average local” – but this logic is problematic. Firstly because it is the cheap local eateries that cannot afford to carry on in high-cost Singapore, but also because the distinction between expat and local cost of living depends on a very narrow world view. With an eye on income inequality more generally, it seems clear that businesses catering to the lower cost “average local” market are the ones being squeezed out, and the less well off are the ones suffering.
Tag Archives: Billionaires