[forum456]

They have enough young citizens to replace the older workers. With cheaper cost.
Singapore's small population need foreign labour reinforcement, even after we extend retirement age to 67.

Your explanation is against the reality.

In changi business park, 90% of the IT banking office workers are foreigners.
This is too extreme.
Every year, the govt IT job programme for IT in banking has
4000 applicants for 400 vacancies.
It means good jobs always have oversupply of applicants.

Employers say they cannot find applicants because they want to employ cheap foreigners.
Whenever the govt organised a job program for the employers, you can see that there are at least 10 applicants for every job.