Graduate Digest
School For Life

To help Singaporeans stay relevant in todayís rapidly-changing economic landscape, the education and learning landscape must evolve. Here's why and how.

 

School for Life

 

 

The formal education pathway for children used to begin when they were seven and end when they became teenagers or young adults, depending on their abilities. Then, it was on to work until retiring. But in the age of globalisation and 21st-century knowledge economies, this is not enough. Singaporeans need to snap out of this mindset and start seeing education as a lifelong journey.

 

Already, unemployment is on the rise in Singapore as employers are finding it harder to hire workers with the right skills set. 

 

Singapore’s jobless rate is low by international standards, but could increase further. Other developed countries with mature economies are experiencing unemployment rates of between 5 and 10 per cent, and as Singapore grapples with similar pressures, the overall unemployment rate – which stood at 2.3 per cent in March 2017 – “will gradually go up”, said Prime Minister Lee Hsien Loong in his annual May Day speech this year.

 

Pressures these economies face include an ageing workforce, technological changes and a global economy that has yet to completely shake off the ills of the 2008 global financial crisis, economists told Channel NewsAsia.

 

In his May Day message, Prime Minister Lee said both companies and workers must learn to adapt to an economy in transition. As companies undergo restructuring, those who do not upgrade their skills will find themselves jobless. “Our workers must be adaptable, keen to upgrade and re-skill themselves, when necessary, changing careers to secure good jobs,” Mr Lee said.

 

Find out how Singaporean workers may find ways to adapt to the changing economy in the full article here.





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