Singapore only has 2% unemployment and this could be why. It’s called second-skilling – on the job development of your skills for a new job. Singapore is investing in its citizens so they can remain flexible and employed.
Could Singapore hold the secret to preparing workers for an uncertain future?
The unemployment in Singapore was in the double digits in 1965. Workforce literacy was 57 percent at this time.
Today, the unemployment rate is about 2%, among the lowest in the world. The GDP per person is more than 3oo% of the global average. Local students regularly score among the top students in the world in the PISA (an international assessment of 15-year-old students’ in certain subjects). So, it seems they’re...