Singapore Should Stay Open to Adjusting Foreign Worker Levels, Menon Says

Singapore Should Stay Open to Adjusting Foreign Worker Levels, Menon Says

Bloomberg·2018-01-22 17:24

Singapore should remain open to adjusting levels of foreign workers while not threatening job and wage opportunities for native residents, Monetary Authority of Singapore Managing Director Ravi Menon said.

“It is not about how many foreign workers industry wants or society can afford to have, but what number and kind of foreign workers we need to maximize the job and wage opportunities for Singaporeans,” Menon said in a speech at the Institute of Policy Studies’ annual Singapore Perspectives conference on Monday, according to a government transcript.

“We should increasingly be concerned about the skills of the foreign workers that we take in, rather than just the numbers,” he said.

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