Nope that's not the point. I didn't say Master's degree is for finding a job. My main point is, the pay is low not because of the Master's degree per se, but because there is a handful of replaceable labour and this cheaper labour is preferred over Singaporeans.
Even if you ignore the Master's degree part, for a person with a Bachelor's degree, 7 years experience, in that field, it's still considered underpaid.
Haven't you heard how at one point, some companies were employing foreigners (cos the manager or big boss is a foreigner himself) more than Singaporeans even though the latter were equally if not better qualified?
There was a big hoohah over several years in the news, and it is only very recently that MOM limits foreign labour.
Put it this way. Another eg for you. It is well-known we Asians work much longer working hours than Australians. We are equally qualified and actually, a lot more qualified than many Australians in their companies. But that doesn't mean their government open the floodgates and admit tons of Asians into their country easily. I'm very sure if they did, Australia's economy will rocket up in no time.
All I am saying is, if you want to improve the economy, of course, by all means, it's a good thing. But for Pete's sake, ensure first your own citizens have sufficient public housing to choose from at AFFORDABLE prices. Ensure your public transportation can cope with the drastic increase in population first. Then we can welcome the foreigners here. Remember, we are generally NOT xenophobic. How could they put the horse before the cart? Of course, the general public won't be happy.
I'm not saying we don't take in any foreigners as well. I'm not saying we severely cut down the number of foreigners coming in to Singapore. After all, we are a small country and we can't behave like the bigger ones. But viewed in totality, such as the housing and transport issues, the fact that the younger generation is feeling the pinch at work now, we know there is an issue.
No point arguing further. PM LHL himself admitted his government didn't have the 20/20 foresight to see these problems. I find that amusing. I thought we gave them the mandate to earn their millions because of their great foresight. It's not true apparently. The problem was they went overboard with their idea to boost the economy far greater than they expected the repercussions that are to happen.
If any of you are still not convinced, then may I urge you all to perhaps support making all our HDB flat prices rise further? Let's make more of them hit $1 million! Maybe that's what we should tell our MPs or government. We need to increase the value of our assets. Then let's see if the new, young graduates "whine" that they cannot afford to even own a flat any more. To which, I will use your lines: "Stop whining! If you are capable enough, go compete with the foreigners coming here. If you are worthy of your labour, you will earn enough to rise through the ranks!" Sounds ridiculous?