A new study predicts one-quarter of work activities in Singapore being displaced by 2030. But the Republic is also poised to enjoy higher growth and productivity.
About 24 per cent of work activities in Singapore could be displaced by 2030.
That’s what the data shows in a new study by consulting firm McKinsey & Company titled Jobs Lost, Jobs Gained: Workforce Transitions In A Time Of Automation.Job displacement is nothing new. It’s been going on for decades as we have shifted away from labour-intensive manufacturing to higher-value-added activities and services.We have already begun to witness more recent workforce transitions, in […]
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