Tuesday, April 13, 2010

Singapore needs to find it's "edge"

As I browse through many of the job websites and forums such as jobsdb, jobstreet, jobscentral, I realized a trend - many of the jobs demand for experience and a wide range of skills. However, the pay listed is lower than what most job-seekers would have expected. Of course, the Singapore government feels that market forces would be able to determine the correct salary package for each individual. However, the situation is further complicated by the influx of foreigners who compete solely on lower salaries.

Singapore does not have the means to compete with our neighbours such as Malaysia and Indonesia on natural resources, therefore we must look towards specializing in industries that are not already being established in nearby countries.

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