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The sticky manpower problem in a super-aged Singapore
Meeting workforce needs in a super-aged society requires us to make every job attractive and maximise every worker’s potential
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The emergence of new technology such as generative AI is expected to put many existing job roles at risk.
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National Day Rally 2023 reminded us, once again, that Singapore is fast becoming a super-aged society. While Prime Minister Lee Hsien Loong’s speech focused on various aspects of successful ageing
With an ageing workforce, fertility far below replacement rate and limits to immigration, it will not be long before Singapore’s workforce size plateaus. Ageing will also create additional manpower needs in healthcare and aged care services. This could lead to manpower shortfalls in key sectors as workers retire and healthcare needs rise.
