Under-employment among older PMETs is seeing an uptrend in Singapore

Singapore's labour movement said tackling the issue of under-employed workers will be a big challenge in the coming year.


It said under-employment is becoming more pertinent among older Professionals, Managers, Executives and Technicians also known as (PMETs).

And efforts must be put in place to help them get jobs suited to their skills and qualifications.

PMETs were the hardest hit during the economic downturn.

Many, like those in the financial sector, were left jobless and the labour movement said they had to settle for whatever job they could get to make ends meet.

But while this brings down unemployment levels, the issue of under-employment has been on the uptrend.
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CreateWealth8888:

It keeps happening in every economic downturn.  I have seen many senior ex-colleagues being let go in every downturn and so it is nothing new.

Not sure it is financially wise to take up a very long housing loan like 30 years just to stay in a very nice and expensive house.