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Degree holders face greatest risk of losing jobs

Darthrevan

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Darthrevan

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In the last two years, degree holders here have found themselves the most vulnerable to losing their jobs, among all qualification groups.


Since 2011, they have also made up a higher proportion of residents made redundant than among all resident workers.


Experts suggested three reasons for this - jobs lost in restructuring tending to be held by graduates, greater demand for non-academic skills, and substitution by skilled foreign labour.


"As more graduates become available, it brings about more friction in the job-matching process," said UniSIM economist Randolph Tan.


"Many graduates think that getting a degree is the pinnacle of achievement, but what they don't realise is that the workplace demands much more of them."







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Joseph22

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In the last two years, degree holders here have found themselves the most vulnerable to losing their jobs, among all qualification groups.
Since 2011, they have also made up a higher proportion of residents made redundant than among all resident workers.
Experts suggested three reasons for this - jobs lost in restructuring tending to be held by graduates, greater demand for non-academic skills, and substitution by skilled foreign labour.
"As more graduates become available, it brings about more friction in the job-matching process," said UniSIM economist Randolph Tan.
"Many graduates think that getting a degree is the pinnacle of achievement, but what they don't realise is that the workplace demands much more of them."

 

key

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Vegas

Vegas

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In the last two years, degree holders here have found themselves the most vulnerable to losing their jobs, among all qualification groups.
Since 2011, they have also made up a higher proportion of residents made redundant than among all resident workers.
Experts suggested three reasons for this - jobs lost in restructuring tending to be held by graduates, greater demand for non-academic skills, and substitution by skilled foreign labour.
"As more graduates become available, it brings about more friction in the job-matching process," said UniSIM economist Randolph Tan.
"Many graduates think that getting a degree is the pinnacle of achievement, but what they don't realise is that the workplace demands much more of them."

 

then pappies will tell u see, dun need have degree!

but import many FT using schloarship

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Wt_know

Wt_know

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(edited)

cheap and good.

even not very good but at least cheap.

 

substitution by skilled foreign labour.

Edited by Wt_know
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Darthrevan

Darthrevan

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then pappies will tell u see, dun need have degree!

but import many FT using schloarship

 

pappies will probably tell sinkies to go for vocational education like polytechnic or ITE..in actual fact they're already doing so

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Sosaria

Sosaria

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(edited)

I feel all these news articles are being publicised to steer people towards vocational education and more importantly, a mindset change to accept vocational jobs. That's how our media works.

 

Notice that recently the govt has also cautioned against the mindset that everyone must push for a degree? Else we end up like china, taiwan, korea, where many youngsters have degrees but no suitable jobs?

Edited by Sosaria
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frenchfly

frenchfly

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But how come pappies graduates never seems to have this fear one,

 

After saying, he is either in singapore or he is not.

Still gets to sit next to the "old man" in parliament. Machiam, ah bang and ah dek

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Ahgong

Ahgong

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to me, that is all propaganda.

right now, the situation is like the farmer planting a shit load of lemon seeds and the trees bloomed and are producing lemons.

but the farmer wants apples instead.

 

the incumbent "farmer", instead of figuring out how to make use of all the lemons produced by the trees, are telling the trees, you rot your problem, while importing shit loads of apples, without planning on planting apple seeds to get apples.

OR better yet, make better use of the lemons that are being produced by the existing trees.

sad predicament, isn't it?

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Treeweeldog

Treeweeldog

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I think it's more in response to the younger generation and all the "work life balance" mindset.

 

Last sentence kinda says it", "Many graduates think that getting a degree is the pinnacle of achievement, but what they don't realise is that the workplace demands much more of them."

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Evillusion

Evillusion

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They want us to study even after retirement......get that degree.....open so many Open University! Nb...then tell us degree is not worth it's salt in the working environment. So confused.....what gives? Might as well close all this universities and open up more Polys and ITE! Right hand sayang left hand give slap!

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1fast1

1fast1

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(edited)

This explains why we suddenly have disenfranchised graduate types (like Gilbert Goh) who, with a modicum of articulation, are motivated and free enough to rabble-rouse at Hong Lim Park.

 

Just making the observation, not criticising him (or the rest). But the fact remains that if graduates largely held on to their jobs, there would be less chance of the dissatisfaction boiling over like this.

Edited by Turboflat4
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Vid

Vid

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No wonder our million-dollar minister come out and tell people paper quali not everything.

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