Outsourcing skilled jobs to equally developed countries like the United States may become a reality here within five years.
The prediction was made here yesterday by Dr James Canton, futurist, author and business adviser to many of the world's top companies, at the 27th SIM Annual Management Lecture. He said that because of a low replacement rate, 'Singapore is going to run out of people in the next five to eight years'; so while businesses may continue to set up shop here, they will find no people to do the job for them.
He suggested that a liberal immigration policy may be needed, and foresees the workforce here eventually reaching a middle ground by Singapore boosting its fertility rate a little and having a set immigration policy.
