26 Nov '11, 12pm

Structural unemployment \\"a worry for government\\"

SINGAPORE: Labour chief Lim Swee Say has identified structural unemployment as an issue the government is concerned about, a problem he expects to get worse given the economic outlook. Mr Lim was speaking at a forum organised by the Young Sikh Association on Saturday. The labour chief told some 200 participants at the forum that for real wages to keep growing, the economy must expand by three to five percent over the next decade. But it won't be easy. A big concern is a mismatch between workers' skills and what's demanded by employers. Mr Lim said low-wage workers are vulnerable to structural unemployment. Another group is the Professionals, Managers and Executives (PMEs). He said the last 15 years have seen a concerted effort to train workers better. And the current focus on achieving sustainable and inclusive growth is an extension of this goal. Mr Lim said: "Simply put,...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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