Jobs

Retrenchments are rising in Singapore, how are workers being supported?

Figure amounts to 3,600 of latest cohort of 18,000 graduates; entry-level PMET roles increase by 300

More people are also seeking work

Artificial intelligence threatens only 4.5% of jobs in low-income and middle-income countries

Affected employees are entitled to a month’s basic salary for every year of service up to 25 years

Job listings were 32% lower than before the Covid-19 pandemic

South Korean youth face a chronic shortage of desirable entry-level openings; in ageing Japan, meanwhile, firms are struggling to fill positions in large graduate schemes

Unemployment among 16- to 24-year-olds stood at 16.4%, the highest in a decade

Younger workers, foreseeing the fall of horse-drawn carriages, began to shun the job, creating expected obsolescence