Whole Press Release4. With the lowest unemployment in ten years3 and employment at an all-time high, the number of available Singaporean citizens to take up new jobs over the next few years, will shrink. This is already occurring as shown by the proportion of employment gains going to Singapore citizens, which dropped from 45% in 2004 to 40% in 2005 and to 37% in 2006. This is typical of periods of robust and sustained economic growth, with strong employment creation. Going forward, as a result of falling fertility and ageing, we will have to tap on older workers and women to maintain the size of our citizen workforce.
5. As at December 2006, there were 2,495,900 persons employed in Singapore. Out of every ten persons working, six were Singapore citizens (60% or 1,498,500), one was permanent resident (241,100 or 9.7%) and the remaining three were foreigners (30% or 756,300).
Interesting statistics. 4 out of 10 in the work force are not Singaporeans. What happens when 6 out of 10 are not Singaporeans? Can we then hold the country hostage for better wages by threatening strikes thereby crippling the country?
Wonder what the stats will be when the population gets to 6.5 m as desired by some quarters of the government.