It is part of a cycle. 40 years ago, Japan was the low wage and low quality product producer. Korea supplanted them but Japan improved quality and found other markets. Then Korea lost a lot of its business to lower wage countries. Now China is starting to lose some investments which go to India, Vietnam, Pakistan. While the labour is cheaper, the infrastructure is not yet adequate for many investors (unless they are in the infrastructure business). All this to say there is a natural cycle. Singapore has already adapted in the last decade and will continue to do so. Economies are not static and always evolve. Given a decent government, countries usually find a way to adapt. Keep the faith!