Today going to university seemed to be a norm. Every parent wants their child to be academically successful. Have you given a thought that we, perhaps, don’t need too many university undergraduates? And that perhaps diplomas students are more than enough?
Suppose Singapore only needs 0.1% to have Masters, 10% to have Bachelors. But the population has this desire to push themselves to a university. In the end there’s just not much people with the diplomas, not much people willing to do the more labor-intensive work.
The solution is to bring foreign workers into Singapore.
So why are people complaining about foreign workers in Singapore? They are here because we have this perception that a university degree is most essential.
Getting a university degree to maintain competitiveness? Nah, that’s probably a misconception. Getting university degree simply increase competitiveness amongst the degree holders.