Local Significance
What number was the estimated number of nurses hired in 2023?
4000
Define economic sustainability
Approach of maintaining a balance between economic growth and responsible resource use
By 2030, _ in _ Singaporeans will be aged 65 or older
By 2030, 1 in 4 Singaporeans will be aged 65 or older
What countries were majority of foreign nurses hired from?
Philippines, Malaysia and Myanmar
What is one example of an economic sustainability trade-off?
Fiscal sustainability vs increased health expenditure / Global talent attraction vs Domestic employment needs
What are the 2 topics of relevance for social sustainability?
Healthcare and Housing
What are the 2 local significances we presented?
Increased healthcare cost and shortage of healthcare workers
How is economic sustainability relevant to the labour market?
it supports the act of adopting automation, enhanced work inclusivity, and raising retirement age to maintain economic sustainability
What are the 3 system challenges under the trade-off of healthcare system overload vs. equitable access to care?
1) Longer waiting times
2) Overworked medical professionals
3) Limited access to quality care for patients
What are the 2 contributing factors to super-aged society in Singapore?
Low fertility rate and high life expectancy
What is one way Singapore resolves the fiscal sustainability vs. increased health expenditure trade-off?
By increasing gst to generate additional revenue
By 2030, how many additional healthcare workers will be needed to keep up with the aging population?
24000