According To A Study, 20.6% Of S’porean Workers Will Lose Their Current Job By 2028

Image: TK Kurikawa / Shutterstock.com

Back when you were young, you’d think that in the year 2018, you’ll have flying cars and robots roaming the streets

Or maybe, the occasional hobo screaming about how the world is ending.

Now, as much as we dislike being the hobo, we do have a doomsday message to share with you guys.

Don’t worry, it’s got nothing to do with environmental-friendliness and all that. Our boss goes through so many burgers the number of wrappers used could’ve killed all Pulau Tekong’s neatly arranged trees.

It’s about jobs. Jobs displacement, to be exact.

Read Also: Sec 2 Student Wrote to ST, Suggesting NS Enlistment Age to Increase Up to 30 YO

New Study Shows Around 20% Of S’poreans Will Lose Their Current Jobs By 2028

Image: Rawpixel.com / Shutterstock.com

Cisco and Oxford Economics set out to study the impact of artificial intelligence (AI) on workers in six South-east Asian economies.

And it was found that Singapore is one of the countries that will be badly affected by the mismatch of skills and available jobs in the next 10 years.

Here are some hard figures to drive the point in:

  • 20.6% of Singaporean full-time workers will lose their current jobs by the year 2028.
  • That equates to about 500,000 Singaporeans
  • 85,000 existing roles will become history
  • 80,000 jobs in the wholesale and retail sector will be lost
  • 55,000 jobs in the manufacturing sector will be gone
  • 50,000 jobs in the transport sector will be lost

We’ve also done a video on some of the jobs that might be displaced soon. Here, take a look:

So, why are our jobs disappearing?

Reason: S’pore Is Trying To Be A Smart Nation

It’s no secret that Singapore is trying to be a smart nation. I mean, you’d have gotten that vibe, don’t you? What with driverless trains, cashless payments and more (hopefully one day got bossless companies).

Image: Prasit Rodphan / Shutterstock.com

Ironically, that’s the reason why Singapore will be one of the hardest hit in terms of job displacements.

(Article continues below) Most Touching Singapore Video: Jenny is brought up by a single parent, and when she steps into adulthood, she starts to forget that her mother used to be her everything. Watch it here:

(Since you’re here, subscribe to our YouTube Channel for more informative videos lah)

Because Singapore is geared for technological advancement and innovation, it means that businesses here are quick to adopt new innovations.

That, coupled with our small size and our modern, upgradeable infrastructure, will make it much faster and easier for jobs to be displaced.

Feeling demotivated now? Don’t be.

(Article continues below) Xing Xing is a 34-year-old Singaporean lady who decides to meet up with an online friend she found in Facebook. But it turns out that he’s not what he seems to be: Prepare boxes of tissue and watch the saddest Singapore Facebook love story here:

(Since you’re here, subscribe to our YouTube Channel for more informative videos lah)

Because Not All Is Lost

Reskilling is the keyword here.

If you’ve never believed in SkillsFuture or lifelong learning, now might be a good time to believe in it.

Notice I said current jobs? 

Because as technology advances, current jobs might be gone but at the same time, new jobs will be created.

And that might just be the key you need to keep on paying your instalments for your HDB flat with CPF monies.

According to the study, new job opportunities in Singapore that are likely to be created are “highly skilled managerial and professional roles”.

Right now, Singapore needs people in information technology (IT), or more specifically, programming and systems evaluation as well as operations skills like installation and operations analysis.

Also, the wholesale and retail sector will see 85,000 jobs gone by 2028 (I am so not surprised), but 100,000 new jobs will be created.

Similarly, the manufacturing sector will see 70,000 jobs created and finance and insurance, 60,000.

Here are the core skills you’ll need to survive in the harsh world after 2028:

  • Problem-solving
  • Design and critical thinking
  • Leadership
  • Collaboration
  • Conflict resolution
  • Empathy

Because, hey, going hungry sucks. No matter whether there are zombies around or not.

But then again, the simple question arises: would you lose your job first, or would aliens land on Yishun first?

Maybe in 2028, you might be working in Mars. Who knows.

Always bored during your commute to and fro work or school? Here’s the best solution: download our app for new articles, Facebook videos and YouTube videos that are updated daily…and most importantly, exclusive contents that are only available in our app! It’s your perfect companion for your daily commute!

Click Here to Download the App! 

You won't want to miss these most-read articles:

Goody Feed is looking for part-time writers and video editors! Our office is located at Bukit Batok and hours are flexible. Click here for more info about being a writer and here for more info about being a video editor!

Follow Our Instagram for Giveaways & Informative Images Now! 

View this post on Instagram

The Coca-Cola Plus Coffee has arrived in Singapore, and let’s just say that the taste is very subjective: one of us thinks it’s like coffee candy, one of us thinks it’s like carbonated dark chocolate milk and one of us think it’s like Vanilla Coke. However, none of us thinks that it’s worth a second try, simply because we’ll all rather have Coke and coffee separately. Read the full review in our app. Link in bio. #sgig #sg #singapore #instasg #yoursingapore #sgphoto #singaporean #singaporelife #thisissingapore #instagramsg #igerssingapore #iluvsg #sgdaily #singaporeig #sglocal #sglifestyle #sgbloggers #sgblogger #sgfood #sgfoodies #foodsg #sgigfood #sgfoodporn #coke #cokecoffeeplus #cocacolacoffee #cocacola #sgcoffee

A post shared by Goody Feed (@goody.feed) on