Not enough decent wage jobs are being created for 12 million new workers (mostly unskilled and illiterate) that join the workforce annually. On May Day eve, Singapore Prime Minister Lee Hsien Loong outlined the challenges to the country’s continued prosperity: it "comes down to three things — jobs, jobs, jobs". The government is investing $1 billion annually until 2020 on a slew of initiatives like student counselling, internships and mid-career learning.is the CEO of SkillsFuture Singapore under the Ministry of Education. These include SkillsFuture Credit, SkillsFuture Earn and Learn, SkillsFuture Mid-career Enhanced Subsidy and the SkillsFuture Study Awards.We have made steady progress and built up some momentum in each of the key SkillsFuture initiatives. Each ITM will have a growth and competitiveness plan, supported by four pillars: productivity, jobs and skills, innovation and trade, and internationalisation.

Source: Economic Times May 27, 2017 18:22 UTC