Singaporean Job Security vs Importing Foreign Talent

This video takes a closer look at how Singapore’s labor and foreign talent policies affect local jobs and the economy. We explore why older workers are struggling, how foreign workers are impacting opportunities for Singaporeans, and the long-term effects of past population policies. Learn about the high costs of worker levies, why MNCs get better deals than local SMEs, and how other countries like Australia manage foreign workers differently. With an aging population and growing dependence on foreign labor, is it time to change how we do things?

Timestamps:
0:00 – Introduction to job statistics and employment issues.
0:05 – 94% of new jobs reportedly going to foreigners.
0:38 – Explaining unemployment vs. underemployment.
1:13 – Differences between citizen and PR unemployment rates.
2:03 – The rise of the gig economy and its impact on Singaporeans.
5:03 – Structural underemployment among retrenched professionals.
6:33 – Lack of detailed data on employment and retrenchment trends.
10:15 – Introduction to carbon tax and its purpose.
11:00 – Explaining externalities and pollution costs.
13:00 – Singapore’s carbon emissions vs. global polluters.
18:00 – Issues with carbon credits and skepticism about their validity.
20:05 – How carbon tax increases utility and living costs.
27:00 – Projected increases in carbon tax by 2030 and beyond.
33:00 – Challenges in reducing emissions with current technology.
37:00 – Carbon tax impact on quality of life in Singapore.
41:00 – Why major polluters like the US and China avoid carbon taxes.
46:00 – Carbon tax as a potential election issue.
51:00 – Summary of job market and carbon tax implications.
56:00 – Final thoughts and a call to action for change.

Find Us:
https://peoplespowerparty.sg/

Our Socials:
Facebook:   / peoplespowerpartysg  
Instagram:   / peoplespowerparty_sg  
TikTok:   / peoples.power.par  

---

The People's Power Party is hosting a Policy Forum on 21st December 2024, click HERE to register:
https://peoplespowerparty.sg/how-to-r...