Well, here's an interesting article that shows this problem is definitely not uniquely Singaporean.
Men Not Working, and Not Wanting Just Any Job
By LOUIS UCHITELLE and DAVID LEONHARDT
Published: NYTimes July 31, 2006
ROCK FALLS, Ill. — Alan Beggerow has stopped looking for work. Laid off as a steelworker at 48, he taught math for a while at a community college. But when that ended, he could not find a job that, in his view, was neither demeaning nor underpaid.
Millions of men like Mr. Beggerow — men in the prime of their lives, between 30 and 55 — have dropped out of regular work. They are turning down jobs they think beneath them or are unable to find work for which they are qualified, even as an expanding economy offers opportunities to work.
We can learn a few interesting things from this. The first is that we are not alone. And we are not the worst either, because this problem is exarcerbated by social security, something we do not have. And lastly, it reminds us that dropping unemployment figures just means that less people are looking for work. But many may just have given up.
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