In the last two years, degree holders here have found themselves
the most vulnerable to losing their jobs, among all qualification
groups.
Since 2011, their share of residents made redundant was also
disproportionately higher than their share of all resident
workers.
Experts suggested three reasons for this - jobs lost in
restructuring tending to be held by graduates, greater demand for
non-academic skills, and substitution by skilled foreign
labour.
"As graduates become more available, it brings about more friction
in the job-matching process," said SIM University economist
Randolph Tan. "Many graduates think that getting a degree is a
pinnacle of achievement, but what they don't realise is that the
workplace demands much more of them."
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http://www.straitstimes.com/news/singapore/more-singapore-stories/story/degree-holders-most-vulnerable-retrenchment-20140526#sthash.XTvkel58.dpuf
