As an educator and lifelong learner myself, I really buy into the idea of reskilling and continuous education. So it is unsurprising that I support the general thrust of the SkillsFuture program. (1/n)
Where I have more quibbles is in its execution, which is also informed by my background and experience in the education sector. A big part of the problem is the sort of retraining on offer. (2/n)
What’s there isn’t necessarily bad. I’ve heard complaints about some are using their credits for seemingly-useless courses like flower arrangement or sake tasting; but truth be told, these could springboard career changes, and we shouldn’t preemptively rule them out. (3/n)
But it’s important that courses on offer are those that are delivered by the best teachers available, and they meet the skills needs that are missing in our economy. So we can’t just rely on MOE teachers. (4/n)
Problem is, the current hurdle rate for professors strikes me as unreasonably high. I confess I may be biased here, but the existing requirements ask that potential SkillsFuture trainers dedicate close to 90 hours of their time to be accredited. (5/n)
Think about it: you’re asking professors (I’m excluding myself here)—who may well have written the textbook on a subject, or published work that has redefined a field—to slog through weeks and weeks of pedagogical training. (6/n)
All that busy work, just for the privilege of being able to offer SkillsFuture courses. Time is precious, and all the more so for busy academics who already face publishing, teaching, and service commitments to their universities. (7/n)
I can’t fully speak for others, but I have close to zero bandwidth (or inclination) to pursue such idiosyncratic accreditation. Many other academic colleagues express similar sentiments. So SkillsFuture may be inadvertently ruling out a whole bunch of domain experts. (8/n)
The problem goes beyond university professors. Funding for in-house trainers will be removed in a few years, ostensibly due to lack of interest. But I’m-house trainers are probably the best equipped to deliver industry-relevant education. (9/n)
This move strikes me as the wrong way round: if takeup is poor, we should try to understand why this is so (and fix it), rather than simply accept the current state of affairs as indicative of genuine lack of demand. (10/n)
Another class of trainers that are often shortchanged are experience-rich (but qualification-poor) laojiao. Some of these experienced tradesmen just aren’t good at tests. Yet the program still requires such paper-based evaluations. (11/n)
In its response, MOE explained that it was exploring alternative pathways to evaluate the teaching ability of potential SkillsFuture providers. That’s welcome, and cannot happen fast enough. #makingyourvotecount (n/n)
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I was somewhat bemused by something DPM Lawrence Wong said, about the lower burden of taxation, in his roundup speech to #Budget2023. He showed, with charts, that the tax burden faced by our middle class was lower than elsewhere. (1/n)
He also said that Singaporeans enjoy a much higher quality of public service than elsewhere, for what they pay. There’s a certain truth to that; our public sector, insofar as efficiency is concerned, is pretty value-for-money. (2/n)
Why then do our middle classes feel so aggrieved and embattled? Are we spoiled complainers, ungrateful for the how good we have going? Or is there something about our lived experience that speaks to a greater truth? (3/n)
When I first arrived in the United States for my doctoral studies, I was shocked at how expensive mandatory healthcare insurance was. At several thousand a year, it seemed a lot more expensive than the twenty or thirty dollars we’d pay when we saw our doctor. (1/n)
Plus, I was 25. I would go to the doctor maybe twice a year, if even that often (remember when you were that invincible?). I thought that U.S. healthcare was just an unfair tax on the young and healthy, a reflection of the overall poor health of the American population. (2/n)
I’ve since learned that, all things considered, the couple thousand bucks was a pretty decent deal. Insurance covered visits to the dentist and eye doctor, plus routine care. And if I was admitted to hospital, the out-of-pocket expenses, while high, wouldn’t break the bank. (3/n)
The idea of trusts and foundations may conjure up images of rich people and their lofty estates, and seems to be far removed from the everyday concerns of most Singaporeans. (1/n)
But the truth is, most of us have encountered trusts in some form. We donate to charities, which is a type of trust. We nominate beneficiaries for insurance or CPF, both of which are trust arrangements. (2/n)
And if you invest, you may have purchased a share in a unit trust, or a real estate investment trust (or REIT). So in reality, most of us have at least a passing familiarity with what a trust is, and how they play a role in our lives. (3/n)
Inflation, as understood by economists, is the rate of change in prices. When prices rise, stuff gets more expensive. This is what is happening across the world now, as well as in Singapore. (1/n)
But one-off price increases, while unpleasant, do not give rise to inflation. Inflation happens when price rises are persistent. Many economists, while worried about inflation, do not expect it to persist beyond this year or next. (2/n)
Yet even when this inflation storm passes, not everyone will be made whole. For many Singaporeans, inflation is not just an inconvenience. If salaries don’t increase to offset higher prices, the current episode will quickly morph into cost-of-living crisis. (3/n)
At the commencement of this session of Parliament, Prime Minister Lee expressed his hope that, with a more sizable Opposition, there would be more sophisticated policy debate, with alternatives instead of just objections being offered. (1/n)
My #workersparty colleagues and I took that charge seriously. So when the GST hike was proposed, we took pen to paper, and worked out a range of revenue options that we felt could stave off the need to raise GST. (2/n)
By our estimates, the hole that GST would fill is around $3.6 billion. So we went ahead and worked out four different ways—we call these levers—that we could pull in more revenue, each built around a different theme. (3/n)
In January’s Parliamentary sitting, members debated the transition toward a green economy. It will also feature in the budget and Committee of Supply debates, currently ongoing. The issue is urgent and important, not least because steps need to taken today to get us there. (1/n)
I’m not usually a Debbie Downer, but my contributions to the debate were mostly cautionary. I spoke about the importance of measuring progress, and warned about how green financing wasn’t some magic bullet, as well as risks from greenwashing. (2/n)
We’ve heard about how the financial sector can make a massive difference to getting us to the promised land of limiting climate change. Of course, finance is important (I teach, research, and practice it, after all!) but not quite sufficient. (3/n)