There is something very wrong with this country. Alot of us could see it coming.
There's a reason for the situation the country is in now.
It starts like this. The govt wants the country to go high-tech. Means have the entire economy working on producing/inventing high-tech products and exporting them.
But there is a problem. We don't have any high-tech products on hand right now. Which means we should get foreign high tech firms to set up here, bring their products here to produce or develop.
Means paying foreign firms doing gaming, animation, clean energy, electronics and digital storage, etc to set up here.
But the foreign firms will ask one single important qn that will get the govt in a panic: "How many skilled workers can singapore give me? If i can't get the numbers, i wouldn't set up."
Answer is very little. So sg starts bringing in foreign workers to fill the ranks. The govt sees it this way: for a local to have a high tech job, you need foreigners to make up the numbers, otherwise nobody, foreigner or local, gets the job.
Unfortunately, for the govt type, this becomes a kpi thing. All that matters are numbers. If you were a bureaucrat, if you manage to bring in X amount of phds by year Y, you get your bonus and level up in something like every 4 years. So you set policies to fulfill this kpi, often without regard to anything else other than the numerals X and Y.
Which is a problem coming back to bite us now. You set policies to bring in too many too fast, without proper screening making sure FTs are really talents. Sure, short term annual kpis are met, but the long term damage has already been done.