"Unemployment rates highest among younger workers - The Straits Times Dec 01, 2014
WHILE much focus has been on older workers, it is younger workers who have the highest rates of unemployment.
Unemployment for residents in their late 20s stood at 5.8 per cent this year, the highest since 2009.
For those under 24, the rate was 8.8 per cent, according to preliminary figures released by the Manpower Ministry yesterday.
But this is not worrying, said experts, who pointed to the high number of vacancies available should young people need a job. "There are more than 58,000 jobs on the Jobs Bank, so it shouldn't be a concern," said Lee Kuan Yew School of Public Policy economist Hui Weng Tat.
Singapore Human Resources Institute president Erman Tan said the tight labour market means young people should be able to get a job quite easily if they wanted to. "They tend to be more selective and are not willing to compromise on their interests or self-actualisation."
For example, he said, they may want to work only for a company that is environmentally friendly, or one that offers a more creative environment. They will also not settle for a pay of $2,500 if they believe they can command $3,000.
"They're not in dire financial situations, so the way they look for jobs is different from previous generations," Mr Tan said.
The overall seasonally adjusted unemployment rate for Singapore residents was 2.8 per cent in June, inching down from 2.9 per cent a year earlier. The accommodation and food service industry faced an unemployment rate of 5.7 per cent, which was more than double the 2.5 per cent of the real estate service and construction industries.
More people decided not to look for a job as they did not think they would find a suitable one. A total of 9,900 residents were discouraged from seeking work this year, up from 8,600 last year and 9,600 in 2012."
Hmmm. We SHOULD NOT be worried about the young not wanting jobs that DO NOT fit their exact criteria? I DISAGREE!!!! BIG TIME DISAGREE!!!!!!
Lessons for me are:
1. when parents are feedback and clothing and provisioning their graduate kids when there are JOBS available in the market because their kids FEEL that the jobs available DO NOT meet their ideal jobs and, probably more importantly, pays expectations, they are unwittingly providing 'soft love that will potential breed dependent and entitlement minded adults'! It may ruin the kids' lives if they become addicted to such soft love! SERIOUSLY!!;
2. for those who trivialised this phenomenon, they are probably too complacent. Good solid habits like being down-to-earth, hardworking, reaped who you sowed instead of expecting to enjoy the fruits of labour before even labouring!! are HARD to cultivate. However, 'get what you want just by sticking out your hands' is a very easy habit to develop! Some even had their parents 'anticipating their needs and provide them before they even stick their hands out'! It is such a damaging mind-set and so-called 'parents must provide the best for their kids as it is only right!'. Well, guess what. In this aspect, the 'right' is absolutely wrong!! The parents will ruin the kids' abilities to live independently! Young graduates! Young adults!! What future does Singapore have IF the nation is populated by such parents and kids?;
3. alas, maybe there is a bright spot somewhere. Maybe the graduate kids whose parents CANNOT be providing them with a 'salary despite not having a proper job' WILL be those who takes up the jobs, hopefully as close to their ideal jobs as possible, and BREAK the 'unfair advantages' those 'kids who were provided with everything' had over them! Maybe it is the nature's way of 'levelling the playing fields'!
When kids with jobs learn and grow. Hopefully they will DO MUCH BETTER than those kids with NO job experiences in 5-10 years time!
Let's see how things unfold ...
Unemployment for residents in their late 20s stood at 5.8 per cent this year, the highest since 2009.
For those under 24, the rate was 8.8 per cent, according to preliminary figures released by the Manpower Ministry yesterday.
But this is not worrying, said experts, who pointed to the high number of vacancies available should young people need a job. "There are more than 58,000 jobs on the Jobs Bank, so it shouldn't be a concern," said Lee Kuan Yew School of Public Policy economist Hui Weng Tat.
Singapore Human Resources Institute president Erman Tan said the tight labour market means young people should be able to get a job quite easily if they wanted to. "They tend to be more selective and are not willing to compromise on their interests or self-actualisation."
For example, he said, they may want to work only for a company that is environmentally friendly, or one that offers a more creative environment. They will also not settle for a pay of $2,500 if they believe they can command $3,000.
"They're not in dire financial situations, so the way they look for jobs is different from previous generations," Mr Tan said.
The overall seasonally adjusted unemployment rate for Singapore residents was 2.8 per cent in June, inching down from 2.9 per cent a year earlier. The accommodation and food service industry faced an unemployment rate of 5.7 per cent, which was more than double the 2.5 per cent of the real estate service and construction industries.
More people decided not to look for a job as they did not think they would find a suitable one. A total of 9,900 residents were discouraged from seeking work this year, up from 8,600 last year and 9,600 in 2012."
Hmmm. We SHOULD NOT be worried about the young not wanting jobs that DO NOT fit their exact criteria? I DISAGREE!!!! BIG TIME DISAGREE!!!!!!
Lessons for me are:
1. when parents are feedback and clothing and provisioning their graduate kids when there are JOBS available in the market because their kids FEEL that the jobs available DO NOT meet their ideal jobs and, probably more importantly, pays expectations, they are unwittingly providing 'soft love that will potential breed dependent and entitlement minded adults'! It may ruin the kids' lives if they become addicted to such soft love! SERIOUSLY!!;
2. for those who trivialised this phenomenon, they are probably too complacent. Good solid habits like being down-to-earth, hardworking, reaped who you sowed instead of expecting to enjoy the fruits of labour before even labouring!! are HARD to cultivate. However, 'get what you want just by sticking out your hands' is a very easy habit to develop! Some even had their parents 'anticipating their needs and provide them before they even stick their hands out'! It is such a damaging mind-set and so-called 'parents must provide the best for their kids as it is only right!'. Well, guess what. In this aspect, the 'right' is absolutely wrong!! The parents will ruin the kids' abilities to live independently! Young graduates! Young adults!! What future does Singapore have IF the nation is populated by such parents and kids?;
3. alas, maybe there is a bright spot somewhere. Maybe the graduate kids whose parents CANNOT be providing them with a 'salary despite not having a proper job' WILL be those who takes up the jobs, hopefully as close to their ideal jobs as possible, and BREAK the 'unfair advantages' those 'kids who were provided with everything' had over them! Maybe it is the nature's way of 'levelling the playing fields'!
When kids with jobs learn and grow. Hopefully they will DO MUCH BETTER than those kids with NO job experiences in 5-10 years time!
Let's see how things unfold ...
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