14
February
2018
|
10:53
Europe/Amsterdam

Transforming labour for the future economy

Dr Faizal Yahya, Senior Research Fellow and Mr Mooris Tjioe, Research Assistant, both from the Institute of Policy Studies (IPS) at NUS wrote that a research by IPS has predicted that by 2060, the ageing population will create a drag of 1.5 per cent on Singapore’s GDP per capita per annum. They opined that only through encouraging Singaporeans themselves – employers and employees in both the private and public sectors – to embrace change can the country effect proper economic transformation that will benefit everyone.