This article discusses the current job market situation in Singapore, the difficulties faced by both locals and foreigners, and the broader economic implications. It also touches on similar challenges faced in China.
Expatriate Experiences in Singapore
Job Security and Contract Renewals
Recently, many large companies and factories in Singapore have reportedly been disbanding. This situation has directly impacted foreign workers. The author recounts meeting a foreign couple who had lived in Singapore for 6-7 years. Unfortunately, the husband's company did not renew his contract, forcing the family to return to their home country. He worked in a high-ranking position for a large foreign company and even had company-paid rent.
The Struggle to Stay
Despite his efforts, the husband was unable to secure another job in Singapore. He had even joked about trying to return in a year. He enjoyed a comfortable lifestyle, provided with a car and the means to bring his family to Singapore. His children attended school there, and his wife stayed home to care for them. The family had grown accustomed to life in Singapore and were disappointed to leave.
Departures of Foreign Workers
The author has witnessed several foreign friends leaving Singapore in recent times, originating from countries like Australia, Italy, Japan, Korea, Germany, and Sri Lanka.
A Specific Case: The Friend from Sri Lanka
The author remembers a friend from Sri Lanka who faced significant hardship. His SP (likely referring to a specific type of work pass) was on "curfew" and was not renewed by his company. After returning to Sri Lanka and unsuccessfully applying for numerous jobs, he returned to Singapore for two to three weeks, seeking employment, but his efforts were in vain. He ultimately had to return to his home country, feeling dejected.
Difficulties in the Job Market
The Challenges of Finding Employment
The author questions the reasons behind the difficulty in finding jobs, speculating whether the economic environment is unfavorable or if technology is replacing human labor. They express sadness and a feeling of helplessness regarding the situation.
Similar Situation in China
The author notes that China is facing similar challenges, with college graduates struggling to find employment, particularly positions that align with their professional skills. Competition for jobs is fierce, with over 1,000 graduates vying for a limited number of positions at some companies. Even securing a civil servant position is becoming increasingly difficult.
Education and Future Prospects
Investing in Education
The author mentions a classmate's son who is pursuing graduate studies at the National University of Singapore (Southern University in the transcript). The primary motivation for this costly education is to improve his chances of securing a job in a state-owned enterprise, which typically requires advanced degrees.
Parental Concerns and the Cost of Education
The author highlights the anxiety parents face regarding their children's future employment prospects after graduation. They mention being asked about the process and cost of studying in Singapore, estimating that at least one million yuan (Chinese currency) might be necessary.
Advice for Young People
The author encourages young people to cherish their current jobs and avoid giving up easily in the face of pressure.
Conclusion
The video reflects the author's observations and concerns about the current job market, particularly the challenges faced by individuals seeking employment in Singapore. The author also expresses empathy and sadness for friends who have had to leave Singapore due to employment issues.