[EvertonDiehard]

The Swiss standard of living was mentioned by Woody Goh. Have we reached that from the time he mentioned? Maybe only for the greedy few in power ( my opinion only, may be wrong). In this present time we may have dropped to third world status?

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S'pore currently ranks second in the world based on GDP per capita, which is the GDP of a country divided by its total population; the problem is that it does not tell us how this wealth is distributed. In S'pore, the privileged few are enjoying a luxurious lifestyle while the majority struggle on low wages as well as modest domestic purchasing power, which is aggravated by the extremely high cost of living.