No let up on training
Lee Kuan Yew lectures the mayor of a city considerably larger than his own country. Straits Times:
Singapore will not let up on training more people and having more graduates, even as unemploy ment is climbing during the current global economic crisis, said Minister Mentor Lee Kuan Yew on Wednesday.
That is because the country is certain it will be lacking in skilled people once the recession is over.
‘You don’t educate them now, we have no time later. You would have lost a few years,’ he said during a meeting with Shanghai Mayor Han Zheng.
‘There’s a lot of union pressure now in America and Europe to keep the work in their own countries first because of rising unemployment,’ he said on the last day of his four-day visit to China.
‘But this cannot last because some countries that recover faster, like Germany, they will begin to outsource. And once they start and the prices of their goods will go down, become more competitive, the others will have to follow.’
Filed under: Newspaper, Quotes | 2 Comments
Tags: economic crisis, han zheng, lee kuan yew, recession, shanghai, training