Li Hongyi succumbs to emigration pressure
What happened to the Singapore dream? Now even Lee Kuan Yew’s grandson Li Hongyi (who rose to fame as a consequence of mass emailing military authorities but that’s another story) may decide to jump ship:
During the past decade wages of the broad middle class stagnated, while that of the lower-income group actually declined.
Some young critics blame it on policies that Lee had instituted all these years, particularly giving priority to economic growth over individual needs.
This is the second time Lee has referred to his offsprings being affected by dramatic social changes.
Apart from his daughter, Lee had earlier said that Li Hongyi, his grandson (the son of Prime Minister Lee Hsien Loong) had succumbed to the emigration trend. He has said he may remain in the United States after graduation.
Hat tip to Hardwarezone.com Forums: http://forums.hardwarezone.com.sg/showthread.php?t=2318087
Is this the consequence of taking GDP growth as the sole indicator of developmental progress? Well, make your judgement. But if accurate, it signals the beginning of the end of the Singapore economic growth model. If the powers that be take this seriously enough, that is. The rest of the article reads gloomy. Check it out. Don’t weep after reading it.