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In the last two years, degree holders here have found themselves the most vulnerable to losing their jobs, among all qualification groups. Since 2011, they have also made up a higher proportion of residents made redundant than among all resident workers. Experts suggested three reasons for this - jobs lost in restructuring tending to be held by graduates, greater demand for non-academic skills, and substitution by skilled foreign labour. "As more graduates become available, it brings about more friction in the job-matching process," said UniSIM economist Randolph Tan. "Many graduates think that getting a degree is the pinnacle of achievement, but what they don't realise is that the workplace demands much more of them." Source: http://mypaper.sg/top-stories/degree-holders-face-greatest-risk-losing-jobs-20140526 http://www.youtube.com/watch?v=LTRA-5Q80Yc