Unemployment has always been a major concern and pressing problem around the world. In this essay, I would like to focus on unemployment rates in Singapore. Being a small country, having a high employment rate is disastrous for the economy and it is essential that Singapore continues to maintain a low unemployment rate to maintain its lead in terms of gross domestic product (GDP) compared to the world. According to statistics from the Ministry of Manpower, the annual unemployment rate of citizens is approximately 2.9-3.3% over the past 5 years, with a maximum of 3.3% in 2017. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay Many possible problems can arise from low employment rates, some of which include graduates being unable to find employment and being held in debt due to the loan they took out to attend college. 'university. There could also be a possible increase in crime rates due to citizens having no income and turning to crime to meet their economic needs, which would have adverse consequences on security and well-being. be from a country. Unemployment also leads to lack of income and families will struggle to make ends meet and possibly deny their children needed educational opportunities, depriving the economy of these future skills. Overall, unemployment is a very serious problem that can have a self-inflicted and perpetual negative impact on businesses and have a detrimental effect on the overall economic health of the country. According to a study conducted by technology company Cisco and economic forecasting agency Oxford. In economics, about a fifth of Singapore's full-time equivalent workforce would see their jobs replaced by technology. As technology is spearheading changes in the world and being very prevalent in today's society, it has also resulted in people being deprived of jobs. This is particularly evident in the retail sector, where many leading retailers are reporting losses due to online competition. Some examples of major retailers closing their store in Singapore are Isetan Westgate and Crabtree and Evelyn reportedly closing their store in the coming months due to losses, which would indirectly affect many employees due to job loss. In manufacturing, machines are also expected to replace low-skilled jobs, such as cleaning, that a robot could potentially perform. This has created immense pressure on struggling older workers to keep up or be replaced. With the rise of technology, job loss due to technology will only be more prevalent than ever. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay In my opinion, computational thinking can be used to combat the unemployment rate in Singapore. Computation is defined as capable of being calculated or quantified. Many solutions can be found using computational thinking by analyzing unemployment trends in Singapore over the past decade, categorizing them according to different age groups, education level or sector of employment. 'job. This data can then be used effectively to attempt to match workers to jobs..