The Chattering Wind

Monday, May 05, 2008

Growing Fear

In Singapore, there are many educational institutions being set up or existing ones expanding. This influx of students will in turn generate an influx supply of employees in the future.

Singapore is a small country. With so many institutions, degree holders are everywhere. Work credibility will be the main importance.

With this influx, there will be many black sheeps within the employees that may ruin the name of the university. Therefore, if I where an employer, I would see the 3 local universities as the top priority.

Which means that "global" degrees of easy availability have less negotiating power. Employers would be delighted as this means a reduction in wage cost. Furthermore, foreign talents are welcome to join in the workforce of singapore as long as they are eligible.

No country can last in the long run without the diversity of workforce because of Globalisation, especially Singapore. The fears of Singaporeans are not unjustified. But to refrain from the forces of Globalisation is suicide to the country's long term health. Therefore, the government has to allow the diversity of workforce and give a hand in giving a lift to poor Singaporeans. Their schemes needs to be adjusted to inflation. Now, they are currently doing a good job but it can be done better.

The title should be "My Growing Fear" because I am very scared. The future seems bleak especially in a few years time where global economic growth starts to cool or even become stagnant while the workforce grows.

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