If Mr Lee mentioned Malaysia has a brain drained problem due to over focus in one race. How about another problem that most of our industries are now over depending on foreign labours?
There are tons of reasons either right or wrong. So i rather put aside but mainly focus in dependency. From retail of most shops to construction for property development, household, plantation, manufacturing.
The economy is still growing forcefully. The transformation to service oriented industry still on going. Manufacturing is picking up in autonation. But are we foinf to havr enough time and effort for all transformation?
Indonesia announced 2017 will be the year to ban its local workforce to work abroad. Philippines econony is picking up and so do Vietnam that create more jobs for their own people. Eventuallu Nepal and Bangladesh will pick up too. What if one day there are no such low cost labour anymore?
We should ask this question fast and find a fix. If not, it is going to have structural eocnony problem in the coming years.
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