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Serious Many Loser Old Farts Need work to Survive after retirement, can find low SES jobs!

Pinkieslut

Alfrescian
Loyal

Samsters hiring this no talent Sinkie old fart?​


65-year-old Singaporean's two-year job search sparks discussion on retirement hardships​


A 65-year-old individual spent two years searching for a job in Singapore but faced continuous rejection from the job market.
In an interview with the Chinese media outlet 8World News six months ago, Mr Goh Kheng Wah (吴庚桦), an elderly person, wrapped up his timber business in China and returned to Singapore in 2021.
Despite his children having established careers and minimal financial burdens, he remained eager to continue working.
Expressing his reasons for seeking employment, he mentioned feeling “bored” and eager to remain active.
However, despite numerous job interviews, he encountered repeated rejections despite many places hiring.
Mr. Goh shared his experience: “During interviews, upon mentioning my experience in timber or flooring work, their interest seemed to dwindle.”
Although he was adept at basic computer skills like Word and Excel, he admitted his unfamiliarity with more advanced computer-related tasks.
“After each interview, I often received vague responses like ‘Alright, we’ll notify you later.’ Unfortunately, many second interviews didn’t materialize, leading to a loss of confidence.”

Manpower Minister of State stressed the crucial role of seniors in the workforce

Dr Koh Poh Khoon, Senior Minister of State for Manpower who featured in the interview, emphasized the importance of guiding job-seeking seniors based on their prior work experiences and personal aspirations.
He highlighted the need to offer structured guidance and training, both short-term and post-hiring, to assist older employees in finding suitable employment opportunities.
Dr Koh stressed the critical role of the elderly in the workforce, cautioning that if Singapore doesn’t encourage employers and employees to continue working after 65, the labour force will decline, creating challenges for employers in maintaining their operations.
“It’s imperative to equip our older employees with the necessary skills to contribute effectively to their respective companies,” he emphasized.
The report mentioned Mr Goh’s subsequent decision to seek assistance from the Centre for Seniors.
He enrolled in a program called ‘Reflections Beyond Fifty,’ tailored for individuals above 50, aimed at acquiring new knowledge and skills aligning with current market demands.
Mr Goh acknowledged the challenge of exclusively seeking work in the timber industry and recognized the need for continual self-improvement, particularly in keeping up with rapid technological advancements, notably in computer-related fields.

Netizens highlight the hardship of retiring in Singapore

The interview was ranked among the top five most-viewed news videos on 8World Stories and, after being reshared on Facebookrecently, sparked a heated discussion on the ongoing challenges faced by elderly job seekers in Singapore.
While some criticized the hardship of retiring in Singapore due to the high cost of living and expenses, others highlighted the prevalent issues confronted by elderly job seekers.
These issues include discrimination in the job market and the plight of non-tech-savvy seniors forced to accept lower-wage or gig jobs such as security, storekeeping, or private hire car driving.
A netizen, seemingly residing in New Zealand and unfamiliar with this phenomenon in Singapore, inquired why elderly Singaporeans are relentlessly seeking employment even after retirement.
The netizen asked, “Why do people still strive to find work after retirement? Is it a matter of money or because they enjoy working until the very end? Does Singapore not have retirement benefits like the weekly pensions in Australia and New Zealand?”
Other netizens responded, stating, ‘No job equals no income equals no dignified means of living. This is the situation for the majority of Singaporeans.’
A comment highlighted the necessity for hard work in Singapore, while one netizen acknowledged the difficulty of finding employment as they grow older.
While one comment argued that there is the Central Provident Fund (CPF) that can serve as an elderly retirement fund, others replied that not everyone saves a substantial amount in the CPF.
“One has to wait until the age of 65 to start receiving around a thousand dollars or even less as retirement funds,” the netizen replied.

Call for alignment of skill training with evolving market demands

While admiring the uncle’s persistent efforts to find a job, a netizen highlighted the “cruel reality” in Singapore.
She mentioned that by the time one completes further education or training, their skills might become obsolete, failing to keep up with the rapidly changing demands of society.
Consequently, she urged the government to revamp skill training programs, ensuring they align with current market demands and developments to remain relevant and useful for individuals seeking employment.

Career uncertainty looms for aging employees

Some discussions highlighted the challenges faced by individuals even at the age of 50 when seeking employment.
A comment pointed out that what’s even more concerning is that many Professionals, Managers, Executives, and Technicians (PMETs) start to feel uncertain about their career paths when they reach their forties.

Nearly 70% of elderly workers in Singapore earn less than S$2,500

Singapore is rapidly transitioning toward an aged society. Every six individuals will be over 65 years old.
By 2030, every four Singaporeans will be over 65.
During a response in February to parliamentary questions by Non-Constituency Member of Parliament Leong Mun Wai, Manpower Minister Tan See Leng revealed concerning figures: Close to seven out of 10 working elderly in Singapore earn less than S$2,500.
Mr Leong asked the minister about the number of Singaporeans above 65 years old still working along with their salaries and industries.
A total of 207,300 Singapore residents aged 65 and above were employed in 2022 – an employment rate of 31 per cent.
“This is high compared to OECD (Organisation for Economic Cooperation and Development) countries, and is probably the result of the high life expectancy of Singaporeans,” he added.
Of these, 142,400 residents or 68.7 per cent earned a gross monthly income of less than S$2,500 excluding employers’ Central Provident Fund contributions.
Among this group, 81,900 or 57.5 per cent of them were working full-time.
About 27,000 elderly residents earned between S$2,500 and S$3,000 while 37,800 were paid at least S$4,000.
Dr Tan highlighted that a third of employed residents aged 65 and above were working part-time.
Dr Tan also said the top five industries employing the most resident workers aged 65 and above in 2022 were wholesale and retail trade, administrative and support services, transportation and storage, accommodation and food services as well as manufacturing.

Elderly Singaporeans forced to work for survival

In April this year, another netizen took to Facebook to express his shock upon discovering another 86-year-old elderly person still working as a cleaner.
More than 20 years have passed since 1999 and many elderly Singaporeans continue to struggle everyday working to survive.
According to a Reuters’ report in 2019, many elderly Singaporeans look for jobs after retirement because the Singapore’s CPF retirement saving scheme does not provide enough money for them to survive.
“If I don’t work, where will my income come from?” said 71 year-old Mdm Mary Lim, one of many elderly cleaners earning a meager wage clearing up to 400 plates a day at a foodstall in Singapore’s Chinatown.
“If I stop my work, how will I survive?”
The Lee Kuan Yew School of Public Policy (LKYSPP) at the National University of Singapore published a survey finding in Sept 2023 that an older Singaporean above 65 years old would need S$1,492 to meet his or her basic needs.
For an elderly couple aged 65 and above, the figure rises to S$2,551, while those aged between 55 and 64 years require S$1,857. The increase amounts to a rise of 4%–5% between 2020 and 2022 for the three indicative household types.
The report unveils figures detailing the necessary income households require to maintain a basic standard of living, using the Minimum Income Standard (MIS) method.
The 2023 MIS report also proposed three significant income reforms: introducing a universal wage floor, revising the CPF model to better serve the elderly, and pegging assistance amounts to current inflation rates.
However, the Singaporean government, in a statement, contested the findings by suggesting that they “might not accurately reflect basic needs”. Instead, the findings should be seen as “what individuals would like to have.”
 

oliverlee

Alfrescian
Loyal
You voted for cheebais so you will smell and lick smelly cheebais for 4 years till you rinse and repeat. It’s a karmic cycle of punishment for not learning your lesson
 

laksaboy

Alfrescian (Inf)
Asset
Now do you start to understand why they are aggressively pushing the elderly and the 'vulnerable' (translated: useless eaters) to get the boosters? :cool:
 

Loofydralb

Alfrescian
Loyal
Fuck PAP.

In the past, the elderly has been PAPs vote bank.

Next election will see them totally abandon PAP. The young have already seen through PAPs deceit.
 

k1976

Alfrescian
Loyal
Sigh.....lan lan...no choice, moi need to upgrade again soon

It is Back to School time for many of us
 

k1976

Alfrescian
Loyal

Samsters hiring this no talent Sinkie old fart?​


65-year-old Singaporean's two-year job search sparks discussion on retirement hardships​


A 65-year-old individual spent two years searching for a job in Singapore but faced continuous rejection from the job market.
In an interview with the Chinese media outlet 8World News six months ago, Mr Goh Kheng Wah (吴庚桦), an elderly person, wrapped up his timber business in China and returned to Singapore in 2021.
Despite his children having established careers and minimal financial burdens, he remained eager to continue working.
Expressing his reasons for seeking employment, he mentioned feeling “bored” and eager to remain active.
However, despite numerous job interviews, he encountered repeated rejections despite many places hiring.
Mr. Goh shared his experience: “During interviews, upon mentioning my experience in timber or flooring work, their interest seemed to dwindle.”
Although he was adept at basic computer skills like Word and Excel, he admitted his unfamiliarity with more advanced computer-related tasks.
“After each interview, I often received vague responses like ‘Alright, we’ll notify you later.’ Unfortunately, many second interviews didn’t materialize, leading to a loss of confidence.”

Manpower Minister of State stressed the crucial role of seniors in the workforce

Dr Koh Poh Khoon, Senior Minister of State for Manpower who featured in the interview, emphasized the importance of guiding job-seeking seniors based on their prior work experiences and personal aspirations.
He highlighted the need to offer structured guidance and training, both short-term and post-hiring, to assist older employees in finding suitable employment opportunities.
Dr Koh stressed the critical role of the elderly in the workforce, cautioning that if Singapore doesn’t encourage employers and employees to continue working after 65, the labour force will decline, creating challenges for employers in maintaining their operations.
“It’s imperative to equip our older employees with the necessary skills to contribute effectively to their respective companies,” he emphasized.
The report mentioned Mr Goh’s subsequent decision to seek assistance from the Centre for Seniors.
He enrolled in a program called ‘Reflections Beyond Fifty,’ tailored for individuals above 50, aimed at acquiring new knowledge and skills aligning with current market demands.
Mr Goh acknowledged the challenge of exclusively seeking work in the timber industry and recognized the need for continual self-improvement, particularly in keeping up with rapid technological advancements, notably in computer-related fields.

Netizens highlight the hardship of retiring in Singapore

The interview was ranked among the top five most-viewed news videos on 8World Stories and, after being reshared on Facebookrecently, sparked a heated discussion on the ongoing challenges faced by elderly job seekers in Singapore.
While some criticized the hardship of retiring in Singapore due to the high cost of living and expenses, others highlighted the prevalent issues confronted by elderly job seekers.
These issues include discrimination in the job market and the plight of non-tech-savvy seniors forced to accept lower-wage or gig jobs such as security, storekeeping, or private hire car driving.
A netizen, seemingly residing in New Zealand and unfamiliar with this phenomenon in Singapore, inquired why elderly Singaporeans are relentlessly seeking employment even after retirement.
The netizen asked, “Why do people still strive to find work after retirement? Is it a matter of money or because they enjoy working until the very end? Does Singapore not have retirement benefits like the weekly pensions in Australia and New Zealand?”
Other netizens responded, stating, ‘No job equals no income equals no dignified means of living. This is the situation for the majority of Singaporeans.’
A comment highlighted the necessity for hard work in Singapore, while one netizen acknowledged the difficulty of finding employment as they grow older.
While one comment argued that there is the Central Provident Fund (CPF) that can serve as an elderly retirement fund, others replied that not everyone saves a substantial amount in the CPF.
“One has to wait until the age of 65 to start receiving around a thousand dollars or even less as retirement funds,” the netizen replied.

Call for alignment of skill training with evolving market demands

While admiring the uncle’s persistent efforts to find a job, a netizen highlighted the “cruel reality” in Singapore.
She mentioned that by the time one completes further education or training, their skills might become obsolete, failing to keep up with the rapidly changing demands of society.
Consequently, she urged the government to revamp skill training programs, ensuring they align with current market demands and developments to remain relevant and useful for individuals seeking employment.

Career uncertainty looms for aging employees

Some discussions highlighted the challenges faced by individuals even at the age of 50 when seeking employment.
A comment pointed out that what’s even more concerning is that many Professionals, Managers, Executives, and Technicians (PMETs) start to feel uncertain about their career paths when they reach their forties.

Nearly 70% of elderly workers in Singapore earn less than S$2,500

Singapore is rapidly transitioning toward an aged society. Every six individuals will be over 65 years old.
By 2030, every four Singaporeans will be over 65.
During a response in February to parliamentary questions by Non-Constituency Member of Parliament Leong Mun Wai, Manpower Minister Tan See Leng revealed concerning figures: Close to seven out of 10 working elderly in Singapore earn less than S$2,500.
Mr Leong asked the minister about the number of Singaporeans above 65 years old still working along with their salaries and industries.
A total of 207,300 Singapore residents aged 65 and above were employed in 2022 – an employment rate of 31 per cent.
“This is high compared to OECD (Organisation for Economic Cooperation and Development) countries, and is probably the result of the high life expectancy of Singaporeans,” he added.
Of these, 142,400 residents or 68.7 per cent earned a gross monthly income of less than S$2,500 excluding employers’ Central Provident Fund contributions.
Among this group, 81,900 or 57.5 per cent of them were working full-time.
About 27,000 elderly residents earned between S$2,500 and S$3,000 while 37,800 were paid at least S$4,000.
Dr Tan highlighted that a third of employed residents aged 65 and above were working part-time.
Dr Tan also said the top five industries employing the most resident workers aged 65 and above in 2022 were wholesale and retail trade, administrative and support services, transportation and storage, accommodation and food services as well as manufacturing.

Elderly Singaporeans forced to work for survival

In April this year, another netizen took to Facebook to express his shock upon discovering another 86-year-old elderly person still working as a cleaner.
More than 20 years have passed since 1999 and many elderly Singaporeans continue to struggle everyday working to survive.
According to a Reuters’ report in 2019, many elderly Singaporeans look for jobs after retirement because the Singapore’s CPF retirement saving scheme does not provide enough money for them to survive.
“If I don’t work, where will my income come from?” said 71 year-old Mdm Mary Lim, one of many elderly cleaners earning a meager wage clearing up to 400 plates a day at a foodstall in Singapore’s Chinatown.
“If I stop my work, how will I survive?”
The Lee Kuan Yew School of Public Policy (LKYSPP) at the National University of Singapore published a survey finding in Sept 2023 that an older Singaporean above 65 years old would need S$1,492 to meet his or her basic needs.
For an elderly couple aged 65 and above, the figure rises to S$2,551, while those aged between 55 and 64 years require S$1,857. The increase amounts to a rise of 4%–5% between 2020 and 2022 for the three indicative household types.
The report unveils figures detailing the necessary income households require to maintain a basic standard of living, using the Minimum Income Standard (MIS) method.
The 2023 MIS report also proposed three significant income reforms: introducing a universal wage floor, revising the CPF model to better serve the elderly, and pegging assistance amounts to current inflation rates.
However, the Singaporean government, in a statement, contested the findings by suggesting that they “might not accurately reflect basic needs”. Instead, the findings should be seen as “what individuals would like to have.”
Not too long ago...some atas people say Semiconductor is a sunset industry, why Murika still want 2nm Semiconductor Fab de woh?

A lost decade?
https://forums.salary.sg/income-jobs/1337-semiconductor-industry-2.html
 

glockman

Old Fart
Asset
If I were an old fart without money, I would plan and then execute a big heist/score. What's the worst that can happen? You go to the gallows? Does it make any difference? Gotta die anyway. Better to have a quick death than to suffer in poverty and misery, being barely alive.
 

gingerlyn

Alfrescian (Inf)
Asset
i advice this uncle to drive grab. 65yo, he can drive in the morning and evening. relax relax
i suspect this uncle cannot drive/
 

gingerlyn

Alfrescian (Inf)
Asset
if he is a savvy investor (in our forum, we have 1 virgin auntie, very good at investing), he does not even need to drive for grab
 
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