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New HN5010 Reflection Essay
New HN5010 Reflection Essay
and migration. Currently, Singapore’s total population stands at 5.64 million and Singapore’s
population makes up a quarter of our total population, suggesting the big influence foreign
workers have on Singapore’s population. Singapore’s life expectancy has risen from 66 to
83.5 years from 1970 to 2021 (DOS, 2021). Increasing life expectancy indicates an ageing
population. It is expected that from 2020 onwards, the number of citizens leaving the
workforce will be greater than those entering the workforce. Additionally, Singapore's current
old-age support ratio (3.8) is anticipated to continue falling (DOS, 2021). These 2 predictions
Over the next 50 years, Singapore’s population may be able to reach 10 million.
Highly-skilled workers with P and Q employment passes are permitted to bring their family
members over to Singapore. Furthermore, they do not have to pay levies. P, Q, and S
pass-holders may apply to become PRs or citizens (MPI, 2007). Additionally, there are
programs such as Singapore Citizenship Journey to facilitate the integration of new citizens
(MCCY, 2020). Better immigration benefits and programs to foster relationships with locals,
attract more foreigners to come to Singapore and apply for citizenship. Therefore,
However, Singapore’s population may not be able to reach 10 million. The digital age has
allowed us to become increasingly connected to the rest of the world. Occupation and
lifestyle ideology from other countries influences our expectations. As a result, Singaporeans
with higher education and aspirations may not be able to find jobs which satisfy them.
Surveys show that Singaporean’s top 2 reasons for seeking new jobs are for higher pay and
career growth (Mah, 2022). According to a UK report, Singapore was ranked as the world’s
most lethargic country (Khoo, 2021). Dissatisfaction with job opportunities and lack of work
life balance, pushes young Singaporeans to leave Singapore’s workforce. Hence, Singapore
has to increase immigration rate to sustain its population. The large influx in foreign talents
will cause us to lose more local talents, making it difficult to reach 10 million in population.
It is more likely that Singapore’s population will not reach 10 million over the next 50 years.
resident candidates and to regulate the job competition in Singapore. Local Qualifying Salary
increased to $1400 per month (MOM, 2022). To employ more foreigners, companies need to
increase the incomes of local employees. This discourages companies from employing
foreign workers, making it harder for foreigners to find jobs in Singapore. Lower skilled
workers are subjected to stricter rules as compared to highly skilled workers. Lower skilled
workers are only allowed to work for the employer and in the occupation as stated in their
work permit. Hence, they cannot enter Singapore’s labour market. (Brenda, 2007). Stricter
rules on lower skilled workers discourages foreigners from coming to Singapore. Hence, it's
million. An ageing population indicated increasing national expenses on the elderly, which
translates to rising taxes. Additionally, a decreasing old-age support ratio creates a heavier
stiffens the job competition in Singapore. According to surveys, 50% of survey respondents
feel foreigners are taking their jobs (ET, 2021). Higher job competition and cost of living,
push Singaporeans to move overseas, causing Singapore's workforce to shrink. The declining
and less lively workforce creates a less dynamic economy. Furthermore, companies may be
unable to find sufficient workers, causing business growth to slow down. Singapore's highly
competitive economy and innovativeness was cited as reasons why Singapore is an attractive
investment destination (Crowe, 2020). The younger generation’s fresh and innovative
leaving younger generation and a less vibrant economy will affect Singapore’s attractiveness
as a business hub. If investors' confidence in Singapore falls, investors may exit Singapore,
resulting in a less active economy. Therefore, Singapore's future economic development will
be threatened.
million. Due to Japan’s ageing and shrinking population, Japan’s Self-Defense Forces have
not achieved their recruitment quotas since 2014 (Oros, 2020). , This emphasises the need for
intruders can leverage on. National security is extremely crucial now more than ever due to
the Ukrainian crisis. Singapore being a small state surrounded by larger states, faces the same
threat of sovereignty as Ukraine. The Ukrainian crisis has shown us that Singapore requires a
strong military as we can only rely on ourselves to protect our sovereignty. Singapore being a
small state indicates it inevitably has a smaller military force as compared to larger states.
Hence, Singapore needs to focus on forming a military which is highly intelligent. Decisive
Furthermore, Singapore’s tough job competition and declining population hollows out the
destiny in Singapore, the government has been investing in education and training (PSD,
2015). This shows that besides demography, there are also other factors which can influence
for Singapore.