Singapore’s labor challenge requires all hands on deck
Resource-scarce Singapore has always relied on its people for growth. The nation has long seen a clear link between a strong workforce and a strong economy, but the pandemic drove home the need for greater resistance to potential foreign labor supply disruptions. There is no ‘perfect’ time to pull the levers necessary to shift dependency on foreign labor and if that time is now, the market will take some of the short-term pain in the form of labor supply bottlenecks. The local labor force must become an integral part of the solution. Without the backing of a skilled labor force, #Singapore cannot #labor on.
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