At the heart of Singapore’s transformation has been our people, who have been attaining higher education qualifications over the years. This has enabled better jobs and transformed living standards for Singaporeans.

Incomes in Singapore have fortunately continued to grow in the last decade, for both median and lower income households. But Singapore faces intense global competition and the forces of technology that are challenging a growing range of jobs. We must stay the course in restructuring our economy, lift productivity and develop and new capabilities. That is the only way we can sustain income growth and meet aspirations for higher standards of living in the years to come.

Source: MOF  #‎SGBudget2015‬