Singapore’s projected population growth from its current 5.3 million to 6.9 million by 2030 is expected to increase the number of white-collar jobs in the workforce.
According to a recently released Population White Paper, two thirds of Singapore workers are expected to hold professional, managerial, executive and technician (PMET) jobs, up from half now.
While the number of PMET positions is expected to rise, the citizen workforce will age and plateau by 2020. This makes it more important for businesses to restructure and move up the value chain to drive the economic and wage growth needed, the paper said.
Workforce growth will also slow down to about one to two percent per year, half of the 3.3% per year over the past 30 years, the paper revealed.
The Government will continue reviewing foreign manpower policies to reduce reliance on foreign labour in the long run and push companies towards adopting productivity improvements, the paper said.
Entitled “A Sustainable Population For A Dynamic Singapore”, the white paper is the first comprehensive report to outline the country's strategy to ensure a "sustainable population".
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