The Growing Underclass - Jobs Gone Forever

Read this article. Some jobs are gone forever, and will never come back. The workers need to have new skills but that will take a long time to acquire, and new jobs (with the new skills) are uncertain. Home ownerhship adds to the problem, as they cannot afford to sell their existing home (due to drop in value) and take the financial loss. While this happens now in America, it tell us that Singapore may face the same situation.