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Tan Jee Say vindicated on his economic strategy

Kumaran Pillai
By Kumaran Pillai

 

PE2011 presidential candidate Tan Jee Say commented in a Facebook book that his economic strategy in 2011 was right after all.

In GE2011, Tan Jee Say proposed a 60B economic restructuring plan to strengthen Singapore’sl economy by proposing to rebuild the economy through a five year economic regeneration plan

His proposal was quickly shot down by late Minister Mentor Lee Kuan Yew, saying that manufacturing was still a backbone for Singapore’s economy. Moving manufacturing out would mean loss of jobs for Singaporeans.

In a recent human capital event held last week, Minister Josephine Teo asked employers to hire more mid-career professionals in place of automation. Mid-career professionals do bring the soft-skills which an AI algorithm or robot would lack.

Microsoft founder Bill Gates has also said that robots need to be taxed in the future.

With robots capable of taking over the jobs, should the government still continue to bring in more foreigners in line with their 6.9M population target?

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