Singapore’s ‘Silver Tsunami’ – City-state depends on its elderly workforce
- With a growing aging population (By 2030, one in five people in Singapore will be over 60), the elderly is encouraged to exchange retirement for arduous jobs that often pay badly
- In 2012, Singapore introduced the policy of “re-employment” to encourage citizens to continue working beyond the official retirement age of 62
- Country has also tightened its foreign worker intake to allow more residents to get jobs
