This article was first published on DollarsAndSense.sg
As a small economy that relies on global trade to thrive, Singapore needs to be able to adjust to technological disruptions and shifts in international business trends. This is especially relevant in today’s economic climate, where global powerhouse economies are turning inwards and automation is threatening to make many jobs redundant. Coupled with this, Singapore’s economy is undergoing its own restructuring to rely less on cheap foreign labour.
This makes it imperative for our people to be malleable — highly educated and with the ability to learn new skills quickly to ride on shifting global trends. The sad reality however is that there will always be people who are unable to adjust quickly enough and be left behind.