Globalisation could negate efforts in skills upgrading
I refer to The Big Read article “Despite being vulnerable, few PMETs heed call to learn new skills” (Oct 1) and wish to raise a few points.
First, threats to jobs come not only from technological change but also globalisation.
So how can we be sure that learning new skills will ensure we do not lose out to global competition when companies relocate owing to cost considerations?
Second is whether a new skill one picks up would still be in demand after one has spent time and money to complete the training.
Third, when companies can choose to outsource professional work to a worker based in a foreign country with a lower salary, how can skills upgrading help then?