Cancel CECA and return jobs to Singaporeans? Won’t happen. It’s competition in a digital world.

Calvin Cheng Digital World

In a digital world, the competition for jobs is not a localized competition. So change your mindset and make yourself relevant to the entire world.

Cancel the CECA and return to Singaporeans?

No, it’s not going to protect jobs. It will hasten more job loss, says former NMP Calvin Cheng.

Working from home during COVID has shown employers all over the world that many PMET do not have to be physically tied to a location, wrote Calvin in a Facebook post.

The logic is simple. If you can do your job from home, then anyone anywhere in the world can do the same job as long as he does it just as well.

“Better still if he does that job better and cheaper,” said Calvin.

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In a digital world, the competition for is not just from foreigners within your country, it is from foreigners everywhere in the world.

Cancelling free trade agreements, removing quotas and implementing measures will not protect local jobs. They will just hasten the loss of jobs, Calvin said.

You lose more than the that can be ‘physically untied’ from their locations, you lose also the jobs that support them.

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“This will be even more acute for Singapore, Calvin said, since we have a small domestic market. If don’t have to be in Singapore, then we lose our relevance as a physical hub, he added.

The solution, Calvin suggested, is for to be a digital hub.

In 1819, modern was founded as a physical trading hub to connect trade routes.

200 years later, has to quickly transform ourselves into a digital trading hub to connect the world.

The location of Chinese and American internet regional HQs in is an important step towards this goal.

And Singaporeans have to re-align their mental frameworks to make themselves relevant to the entire world.

Protectionism will just make them lose their relevance even faster.

– Calvin Cheng –

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  1. Calvin Cheng’s Facebook



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