Following the economic crisis, only about 45,000
jobs are expected to be created each year,
compared to the pre-crisis figure of 83,000
By LYDIA LIM
JOB creation has slowed since the economic crisis.
About 45,000 jobs a year are expected to be created
over the next five years, significantly fewer than the
pre-crisis figure of 83,000 new jobs a year from
1992 to 1997, Manpower Minister Lee Boon Yang
said.
Jobs will grow fastest in the services and
information-technology (IT) sectors, he said, boosted
by rapid growth in Internet and e-commerce
activities.
Dr Lee was responding to Pasir Ris MP Charles
Chong, who chairs the Government Parliamentary
Committee for Manpower. Mr Chong had asked
about a manpower-planning framework to identify
manpower trends in Parliament on Saturday.
Such a framework has been set up under the National
Manpower Council, which Dr Lee chairs. He said it
held its first meeting last month. In the next five years,
he said, the annual job-growth rate will be fastest in:
Business services (8,800).
Financial intermediation (5,900).
Computer-related activities (4,700).
Transport and logistics (4,000).
Education (2,800).
Health care (2,300).
Wholesale trade (1,900).
Petroleum and chemical (1,400).
This is provided the economy grows steadily at an
average of 5 per cent a year. The projection is also
based on what the council knows about investment
trends and business opportunities in the short term.
More important than numbers, Dr Lee said, is "the
projected change in demand in the different sectors of
the economy". In manufacturing, lower-value-added
jobs will continue to be replaced by
higher-value-added ones.
The Economic Development Board's Industry 21 plan
will generate about 15,000 jobs a year, two-thirds of
them for "fairly highly-skilled" workers.
New jobs will also be created in the electronics,
chemical and life-sciences industries, while
restructuring of the light manufacturing and electronics
industries will lead to more job losses.
In line with the move to knowledge-based activities,
demand for educated workers with degrees, diplomas
or post-secondary education will continue to grow,
while demand will shrink for workers with secondary
or lower education.
To help workers affected by such changes, the
council has recommended extending the Skills
Redevelopment Programme and the Strategic
Manpower Conversion Programme to more
industries, to help workers upgrade and find new jobs
if necessary.
It has also set new targets for university and
polytechnic intakes. The universities must enrol more
engineering, computer science, communications
studies and pharmacy students, and the polytechnics
must take in more students for media studies and
health-related subjects.
Adapted from The Straits Times, 13 Mar 2000.