- individuals who are digitally savvy and/ or possess sought after skills may be able to get more job opportunities locally and overseas, and perhaps get higher paying jobs
- however individuals may find themselves competing with foreign labour. may also risk losing their jobs when MNCs relocate their operations to other countries or when individuals do not possess relevant skills required in increasingly digitalised economy
Individuals Can Respond By:
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being willing to acquire new knowledge and skills throughout life and remain relevant in the job market. esp. vital in world of rapid technological advancements, where current jobs are evolving and new jobs are being created
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having flexible and open mindset about exploring / trying out diff or near areas of work
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ensuring they save and invest appropriately, so that they have the resources to provide for themselves and their families during periods of unemployment or loss of income. this will help them tide through financially as they take time to develop new skills or transit to new careers