It is a true reality in the Singapore labour market. There may not be sufficient jobs that remunerated well for your services. Employees become a commodity as we battle out to secure the job for a lesser attractive rate. Employers will be the winner until there is a high demand for the revelant skills.
In the near future, some of our children may even need to work overseas just like the Malaysian, Philippines, India and other foreign workers who came here for a job. The world economy is changing and we will have to adapt to these changes.