Fewer jobs created partly because of tightening inflow of foreign workers: NTUC Chief Lim Swee Say

The Malaysian Insider, 2 Nov 2012
SINGAPORE, Nov 2 — The Republic’s job growth rate will slow by half in the coming years to 2 per cent or less, labour chief Lim Swee Say warned yesterday.
Apart from the weak global demand for goods and services, Mr Lim attributed the slower job growth to the Government’s move to tighten the inflow of foreign labour.
Mr Lim, who is also Minister in the Prime Minister’s Office, said: “We have no choice but to slow down our workforce growth, because if we were to continue growing at 4 per cent a year — like what we did in the last five to 10 years — from an economic angle, eventually, the Singapore economy will run out of steam. Full story