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> Gaming is already one of the cheaper hobbies.

In the West maybe. To keep up with Playstation example, in my country you can buy 6 new PS5 games with the minimum salary.

Singapore is one of the richest countries in the world. Our minimum salary buys you exactly 0 PS5 games.

I'm not sure that says much either way.

can you elaborate a bit?

so I am puzzled

The minimum salary is for foreigners on a work visa, not locals.

Yes. No minimum wage for locals.

Btw, Germany also didn't have a minimum wage until fairly recently.