Globalisation Helps to Create Jobs and Raise Wages

Is globalisation a boon or bane?


For Singapore, globalisation helps to create jobs andboost workers’ wages, said Prime Minister Lee Hsien Loong during an interviewwith Australia’s ABC Radio National on 10 June.


As a globalised nation, Singapore can play a role inservicing the region and the world. In doing so, "we can have jobs in Singapore which are better paying for a widerange of our people," Mr Lee said.


While Mr Lee is confident thattechnology helps in generating jobs, “the question is what kind of jobs, andwill it be able to use the talents and meet the aspirations of our people, andcan we prepare our people for the jobs which we think they should be capable ofdoing?”


He identified three factors needed to optimisetechnology to create jobs.


One, the mindset that technology canmake a big difference and a desire to make full use of it.


Two, organisations must run efficiently,"not just automating your own way of doing things, you may have torestructure all together".


Three, the country must have people with"the ideas and technical know-how to make the projects happen".


This includes having the managers,leaders, promoters and people who may not be techies but "know what issnake oil and what is real'.


Do you agree? How elsecan we optimise technology to create good jobs for Singaporeans?


Source: “Globalisation can create jobs and raise salaries for Singaporeans: PMLee” (The Straits Times, 10 June 2017)
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