The coronavirus pandemic will intensify competition for white-collar jobs, says Singapore minister
SINGAPORE — Competition for white-collar jobs will become more intense after the coronavirus pandemic showed that a lot of work can be done over the internet, Singapore’s Minister for Trade and Industry Chan Chun Sing said on Thursday.
“In the past, people think that the blue-collar workers are the ones at risk and that’s because their jobs can be replaced by robots and automation. To some extent, that is true,” Chan said during a panel discussion moderated by CNBC’s Nancy Hungerford at the virtual Singapore Summit.
“But increasingly, I think the world is realizing that competition is even tougher for the white-collar jobs that can be done over the internet,” he said. “The jobs that can be done over the internet can be done anywhere in the world and because of this, white-collar jobs will no longer have the geographical insulation it used to have.”
[Source: CNBC News]