What India done right and Singapore failed miserably is the emphasis on IT. Singapore seems to have lost a generation of IT programmers/analysts/software specialists through its neglect in teaching these subjects in schools, polytechnics and the universities. Everyday I am reminded of the army of IT professionals in MBFC. My whole floor is flooded with these IT people from India, a testament that India has done right in foreseeing the future, planning and educating a whole generation of such specialists for the industry worldwide. How could we have missed this boat?
The dearth of IT specialists is seriously felt in the banking and
finance industry and they have no choice but to go to India where they
are armies of them waiting eagerly to be hired. If only Singapore's
education has done it right, today all the IT specialists being hired to
work in the banks would have been Singaporeans and not foreigners. Our
university graduates would be gainfully employed and not be dumped into
taking up part time jobs or unrelated contract jobs earning a pathetic
pay not enough to live on.
This is what careful planning and doing the right thing is all about at
govt level. They called it foresight, the ability to look into the
future like the CFE is doing. This is also proof that the govt's
proactive and crystal ball gazing ability is greatly lacking.
How I wish the number of IT specialists employed in MBFC are
Singaporeans and not foreigners and our graduates need not waste their
time and money to study irrelevant courses and ended with degrees that
cannot be eaten.
Please learn from India and start to educate our graduates in useful and
relevant courses and not courses that no employer wants. I feel so
sorry for our graduates and their parents that foot the bills for their
education whenever I see the happy faces of the foreigners here. These
faces could be the happy faces of our young graduates.
Where is the clever thinking and planning for the future? Would the
recent CPE end up 10 or 20 years in the future with more pathetic
problems like what we are seeing today when a whole industry needing an
army of IT specialists and has to import them, unable to find any local
to fill the vacancies?