Though automation has often been blamed for putting traditional jobs at risk of disappearance, it is ironically this same wave of technological innovation that could lead a jobs recovery — at least within the Singapore economy. Lin of McKinsey says that the need to quicken the pace of digitalisation following Covid-19 will ultimately lead to net job creation as tech firms experience greater demand for labour to drive their expansion. These new jobs, she observes, will leverage digitalisation, data and everything that comes with these trends. 

Naturally, re-training will be key for the present workforce to build the requisite skills needed for them to perform these jobs. By virtue of tending to be higher skilled roles, retraining to take up such positions promise higher wages to workers who re-equip themselves with the necessary competencies to fill these roles. As the demand for these “digital jobs” increases with the digitalisation of the economy, the need to reskill workers will only accelerate, necessitating the rapid transformation of the workforce to ensure readiness for the new economy. 

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