Singapore facing manufacturing brain drain

Singapore facing manufacturing brain drainAs Singapore’s manufacturing industry changes from one based around toys and garments for export to one based on medical engineering, pharmaceuticals and high-tech manufacturing, the country is facing a dearth of available workers.  The jobs require a high level of education and skill, and companies are having an increasingly difficult time drawing qualified workers to the table.  Wages are rising as a result, but there is still a challenge to drawing a talented working pool.

With the increase in wages, some fear fewer jobs are being created.  Others worry that Singapore will still run out of talent, and suggest bringing in foreign workers to fill the void.  Still others think that Singapore will eventually have to turn away from manufacturing, and note that fewer than a tenth of jobs created in the past decade were in the manufacturing industries.

 

 



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As Singapore’s manufacturing industry changes from one based around toys and garments for export to one based on medical engineering, pharmaceuticals and high-tech manufacturing, the country is facing a dearth of available workers.  The jobs require a high level of education and skill, and companies are having an increasingly difficult time drawing qualified workers to the table.  Wages are rising as a result, but there is still a challenge to drawing a talented working pool. With the increase in wages, some fear fewer jobs are being created.  Others worry that Singapore will still run out of talent, and suggest bringing...

Singapore facing manufacturing brain drainAs Singapore’s manufacturing industry changes from one based around toys and garments for export to one based on medical engineering, pharmaceuticals and high-tech manufacturing, the country is facing a dearth of available workers.  The jobs require a high level of education and skill, and companies are having an increasingly difficult time drawing qualified workers to the table.  Wages are rising as a result, but there is still a challenge to drawing a talented working pool.

With the increase in wages, some fear fewer jobs are being created.  Others worry that Singapore will still run out of talent, and suggest bringing in foreign workers to fill the void.  Still others think that Singapore will eventually have to turn away from manufacturing, and note that fewer than a tenth of jobs created in the past decade were in the manufacturing industries.

 

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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