Singapore Industry Groups Warn of Implications in Reducing Number of Migrant Workers
Industry groups in Singapore warned that a reduction in foreign workers would have numerous implications on the economy.
They were reacting to a call for a change of policies with migrant workers making up over 90 percent of Singapore's COVID-19 cases.
They added that such a reduction would have a ripple effect on jobs for Singaporeans and housing prices.
The industry groups pointed out that companies would face many challenges in filling labor-intensive roles due to Singapore's aging population and low birth rate.
Singaporeans also prefer being professionals, managers, executives, and technicians (PMET).
The industry groups from manufacturing, marine, and processing said jointly that with Singapore's limited workforce, the industries would not be able to stay competitive without sufficient migrant workers.
They added that should Singapore lose its competitive edge, not only would the demand for labor drop, but there will likewise be fewer PMET jobs for Singaporeans.