Unveiling the Keys to Singapore’s Thriving Economy: The Necessity of Engaging Foreign Workers

Yes, there is a necessity to engage foreign workers to work in Singapore as they fulfill labor demands in sectors facing shortages, contribute to economic growth, and bring in diverse skillsets and perspectives that benefit the country’s development and competitiveness in the global market.

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Yes, there is indeed a necessity to engage foreign workers to work in Singapore due to various reasons. As the country develops and its economy grows, it needs to address labor demands in sectors facing shortages, and this is where foreign workers play an important role. They contribute to Singapore’s economic growth and bring in diverse skillsets and perspectives that benefit the country’s development and competitiveness in the global market.

A famous quote by globally renowned economist Richard Florida emphasizes the importance of diverse talent in fueling innovation and economic growth. He said, “The battle for talented workers will be the story of economic development in the 21st century.”

Here are some interesting facts on the topic:

  1. Singapore has a small local workforce and relies on foreign workers to meet its labor needs. As of 2021, foreigners make up around 38% of Singapore’s total workforce.

  2. The construction sector in Singapore heavily relies on foreign workers. They contribute to the development of infrastructure projects, including iconic landmarks such as Marina Bay Sands and Changi Airport.

  3. Singapore’s healthcare sector also depends on foreign workers. Many nurses, doctors, and healthcare professionals from various countries work in Singapore, addressing the shortage of skilled workers in the industry.

  4. Foreign workers in Singapore come from diverse backgrounds, including neighboring countries like Malaysia, Indonesia, and the Philippines, as well as further abroad like India and China. This diversity adds to the cultural tapestry of Singapore and enriches the nation in terms of ideas, perspectives, and experiences.

  5. Singapore’s government has implemented measures and regulations to ensure fair treatment and protection of foreign workers’ rights. This includes proper accommodation, wage protection, and access to medical care.

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Table: Benefits of Engaging Foreign Workers in Singapore

Fulfill labor demands in sectors facing shortages
Contribute to economic growth
Bring in diverse skillsets and perspectives
Enhance innovation and competitiveness in the market
Enrich cultural diversity and social fabric

This section of the video provides an overview of the different types of foreign work passes in Singapore and the associated regulations. It discusses the restrictions and requirements for work permit holders, S Pass holders, and E Pass holders, highlighting the need for foreign workers in certain industries and the concerns about job opportunities for locals. The video also notes that the information is current as of September 2020 but may be subject to change.

Many additional responses to your query

Employment Passes allow companies to bring in foreign professionals to plug skills gaps and supply shortages, so as to attract and root high-value activities in Singapore. This is necessary to create and sustain a wide range of good jobs that meet Singaporeans’ career aspirations.

SINGAPORE — Whether as a “transitional” tool or something more long term, Singapore will continue to need foreign manpower to complement its economic and population needs, said Trade and Industry (Industry) Minister S Iswaran yesterday.

For a long time, Singapore has justified its need for foreign manpower by arguing that foreign workers help to fill the jobs that locals are unwilling to do. But perhaps this is a chicken-and-egg problem.

On the other hand, as most Singaporean do not want low-skilled jobs, companies have to employ foreign workers. Therefore, foreign workers are required in high skilled and low skilled jobs.

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