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NUS professor Tan Khee Giap predicts that Singapore will experience massive unemployment rates before the next GE

If you're more than six months unemployed, you're excluded from the official unemployment stats. :wink:

Don't worry about it. In a totalitarian regime, the bad news are always downplayed or censored, and the bad numbers are always creatively massaged until they reach a 'not that bad lah' level of public recognition. :cool:
Fresh Graduate employment survey includes contract jobs as full time employment.
 
yesterday.
Friday morning 9am.

My lift lobby... Local sinkie father come down with son holding mobile phone......with bicycle and green grab food delivery box attached.

Took a bus to town.
Double decker bus.

Pass by condo at mount Faber. Kampong bahru road.

Saw fucking Ceca family playing badminton on their condo front compound.

Friday morning 9am!!!
 
I fear for our children who are currently in secondary school, JC and university. What kind of future has the PAP left them with?
are you married with children in the first place. I am FA and of course, I envy those who are married with children. but really look and think closely again...the children...what is the future for them????
 
He further mentioned that SG will suffer more than any other countries in South East Asia once Singapore is hit by massive unemployment due to AI development simply because SG has high cost of living and property prices compared with any other countries in this region
 
Around 77% of S'pore's workforce is highly exposed to AI (higher than the global average) in areas like clerical support, business administration and sales roles. An estimated 21% of the workforce could be displaced by 2028.
 
Don't need to measure them . They are no longer contributing or desire to do so in the future. They are as good as dead.
You missed the point. Displaced older PMEs are finding that it takes far longer than 6 months to find a job, but the authorities deem that they are no longer interested in working if they have not found a new job after 1/2 a year of being retrenched.
 
The govt claims that S'pore's resident unemployment rate and resident long-term unemployment rate remain low and stable, suggesting the labour market is currently tight, but the PAP does not have an effective way to gauge unemployment numbers in SG. PMEs who have been displaced, fall under the radar since they do not qualify for unemployment benefits.
 
Around 77% of S'pore's workforce is highly exposed to AI (higher than the global average) in areas like clerical support, business administration and sales roles. An estimated 21% of the workforce could be displaced by 2028.
Research shows that at least 40% of civil servants have to be retrenched if government wants to develop AI
 
are you married with children in the first place. I am FA and of course, I envy those who are married with children. but really look and think closely again...the children...what is the future for them????
One of my children is in NUS while the others are working. I don't know what kind of future they have in S'pore under the PAP.
 
The higher unemployment rates for many fresh local graduates is worsened by employers preferring experienced workers and AI displacing many entry-level positions.
 
Its true ,what he says reflect now, just that 65% don want to admitdumb support dumb
SMEs are the engine of the economy but face immense pressure from rising costs like manpower, rental, transport and the need for digital transformation. These are problems of the SG govt's own making.
 
SMEs are the engine of the economy but face immense pressure from rising costs like manpower, rental, transport and the need for digital transformation. These are problems of the SG govt's own making.
Tan Khee Giap mentioned that SG will continue to support SME even though even is proven to be uncompetitive and cost inefficient.

However, government is addicted to the work permit levy and foreign worker dormitory cash flow.

prof tan urged government to be more focused and more decisive in tackling economic issues in Singapore
 
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prof tan urged government to be more focused and more decisive in tacking economic issues in Singapore
The ministers seem far more focused on lining their pockets through their policies, and not uplifting the lives of most S'poreans. Why would millionaire politicians care about the hoi polloi residing in the heartlands?
 
I fear for our children who are currently in secondary school, JC and university. What kind of future has the PAP left them with?

You cannot blame the PAP economies are evolving rapidly throughout the world. Some countries will adapt quickly while others will lag behind but eventually the whole system will be operating on a different plane altogether.
 
The ministers seem far more focused on lining their pockets through their policies, and not uplifting the lives of most S'poreans. Why would millionaire politicians care about the hoi polloi residing in the heartlands?

That's what all politicians do so why should sinkie ministers behave any differently.
 
That's what all politicians do so why should sinkie ministers behave any differently.
The PAP should stop portraying themselves as "whiter than white" in that case.
Parliament.jpg
 
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