13 January 2019
Monetary Authority of Singapore managing director Ravi Menon has said that there is plenty of scope to increase the proportion of Singaporeans with non-tertiary education such as secondary, diploma and professional qualifications.
This is necessary in order to strengthen Singapore’s workforce and enable Singaporeans to take on complex jobs and leverage on new technologies.
Singapore can professionalise rank-and-file jobs to strengthen and broaden the middle class.
As recently as 2000, 45 per cent of the resident workforce did not have a complete secondary school education. Today, that proportion has fallen below 30 per cent.
Policymakers must focus on increasing the education levels of non-tertiary educated groups.