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: Cost of Living
Take a few eggs with peanut oil to fry them, add some chopped fresh tomatoes and mix it all up. Serve alongside a bowl of white rice and wash it down with orange juice. Is this the expatriate lifestyle Finance Minister Tharman had in mind when rebutting the Economist Intelligence Unit’s finding that Singapore is now the most expensive city in the world? Because all those items are included in the shopping basket used by the EIU to assess cost of living globally – including the frying pan you cook it in and the dishwashing liquid you use to clean up afterwards. So it seems unlikely that Tharman was correct when he said the survey does not accurately reflect the cost of living for locals.