31 Oct '11, 9am

Alas! Singaporeans’ unemployment rate!

“The statistics say that about 87 per cent, or , 53,000 of the 61,300 unemployed residents, were Singaporeans, on a seasonally adjusted basis.” THAT TELLS ME almost 9 out of 10 resident unemployed are Singapore DISPLACED BY PRs – the consequence of cheaper, faster and better mantra of NTUC’s championed strategy wholly embraced by employers. If the floodgate open bigger, every 10 job losses will likely to inflict another 9 Singaporeans out of work. And what about Singaporeans unemployed who have gone out from statistics i.e. those who retrenched and unable to get any job for more than 12 months and have given up completely? And what about under-employment, former PMET now employed as security guards, taxi driving, pimping, selling insurance, real estate, or engaged fringe economics of small unsuccessful start-ups of all sorts such as illegal door to door food selling, casua...

Full article: http://theonlinecitizen.com/2011/10/alas-singaporeans-une...

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