Future of Singapore

Posted by Derek Wee under Opinions on 28 October 2006

When I read the Straits Times article (dated 24 Sep) on PM Lee calling the young to be committed and make a difference to Singapore, I have so much thought about the issue.

Future of Singapore

I am 35 years old, graduated from University and gainfully employed in a multinational company. But I cannot help but feel insecure over the future of Singapore. Lets face it, it's not uncommon to hear, "when you are above 40, you are over the hill". The government has been stressing on re-training, skills upgrading and re-adapt. The fact is, no matter how well qualified or adaptable one is, once you hit the magical 40, employers will say, "you are simply too old".

We have been focusing our resources and problem solving on low unskilled labour. But in reality, our managerial positions and skilled labour force are actually fast losing its competitiveness. I travel around the region frequently for the past 10 years. It didn't take me long to realise how far our neighbours have come over the past decade. They have quality skilled workers, and are less expensive. When I work with them, their analytical skills are equally good, if not better than us.

It's not new anymore. Taxi drivers are fast becoming "too early to retire, too old to work" segment of the society. I like to talk to taxi drivers whenever I am heading for the airport. There was this driver. Eloquent and well read. He was an export manager for 12 years with an MNC. Retrenched at 40 years old. He had been searching for a job since his retrenchment. Although he was willing to lower his pay expectations, employers were not willing to lower their prejudice. He was deem too old. I wouldn't be surprised if we have another No. 1; having the most highly educated taxi drivers in the world.

On PM Lee calling the young to be committed and make a difference. Look around us. How dedicated can we be to Singapore when we can visualise what's in store for us after we turned 40? Then again, how committed are employers to us? But we can't blame them. They have bottom lines & shareholders' gain to answer to. Onus is really on the government to revamp the society. A society that is not a pressure cooker. A society that does not mirror so perfectly, what survival of the fittest is. But a society, where it's people can be committed, do their best and not having to fear whether they will still wake up employed tomorrow. Sadly, Singapore does not offer such luxuries and security anymore.

On the issue of babies. The government encourage us to pro-create. The next generation is essential in sustaining our competitive edge. Then again, the current market condition is such that our future has become uncertain. There is no more joy in having babies anymore; they have become more of a liability. It's really a chicken and egg issue.

Many of my peers, bright and well educated have packed up and left. It's what MM Goh called "quitters". It's sad but true, Singapore no longer is a place where one can hope to work hard their lives and retire graciously. It's really the push factor. A future is something we sweat it out, build and call our own. Unfortunately, people like me, mid 30's going on 40's, staying put by choice or otherwise, we can't help but feel what lies ahead is really a gamble.

To PM Lee and the Ministers, we are on a different platform. Until you truly understand our insecurity, the future of Singapore to me remains a question mark.

Professionals, Managers, Executives and Technicians (PMETs)

Mdm Halimah Yacob: Sir, I would like to ask for more support and help for the PMETs, ie, Professionals, Managers, Executives and Technicians.

In the last quarter, for instance, 37% of those who were retrenched were PMETs and, once retrenched, PMETs who are above 40 years old find it a lot more difficult to get jobs within the six-month period, ie, the benchmark we use to determine whether a person is considered as a long-term unemployed or not. Older PMETs need help in two key areas.

(1) Job placement. As our current efforts are largely focused on non-PMETs, may I ask the Minister whether MOM can do more to create a job data bank for PMETs and help to match them to jobs?

(2) PMETs need help in retraining, as their skills can also become obsolete after some time. Currently, the SDF does not apply to them. May I ask the Minister to put in place more initiatives to help reskill and retrain PMETs, to prepare them for jobs in sectors that need workers? If the SDF is not the proper fund, could MOM think of other ways to provide subsidised training for PMETs? This is an area that is important that we need to pay a lot more focus on, although hitherto a lot more attention has been paid on the non-PMETs. I think, as the economy churn takes its effect, it would also affect the PMETs and they also need some assistance.

Singapore Tenth Parliament SINGAPORE OFFICIAL REPORT TENTH PARLIAMENT PART III OF SECOND SESSION VOLUME 81. 2006-03-08

Sources and Relevant Links:

derekwee.blogspot.com Future of Singapore
02 October 2006

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aaron-ng.info The Wee Shu-min Cyber-drama
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