PAP's success and failure - Employment and Education policies

From Singapore Review:
dpennz wrote...

When Singapore was young, ranked among the third world nations, with
no resources, and an unstable world left behing by WWII, the leaders
who are able to bring about stable life, and employment are most
sought after.

PAP won elections, and people's hearts, with a stable economy, and
good employment. In the bid to build the nation (quick), skilled
workers must be produced, en masse. The education system was put
together, as a tool to train workers, for a productive economy.
Forecasts were run ahead for 5 years, to determine the number of
Engineers, Scientists, Doctors, Nurses Singapore needs to grow it's
economy, and attract the employers. This co-ordinated system of
producing workers, grew Singapore fast, and efficiently. All who
went through the rigourous system were "promised" jobs. It has been
taken that you will get a good job, if you graduate from a
Polytechnic, or a University.

1997, the Asian Financial Crisis changed the world's economy.
Business cycles shortened from a 10 year to a 2-3 year cycle. Jobs
created today, disappear in 2-3 years, to be replaced by new
employment demands.

Singapore continued our fixation with numbers. In 4 years time,
Universities must train so many Engineers in this field, Doctors in
this field, Scientists for that field, etc. Then, it hit.
Graduates have their skills badly mismatched against the employment
market when they graduated. Between the years from enrolling into
University/Poly, the hot jobs disappeared. The maticulate planning
paved the way for diseaster. The numbers were planned to be wrong.

With an ever dynamic economy, PAP still wishes to stick to the well
oiled mechanism, which ill fits the new monsters arriving from India
and China. Singaporeans wishing to study in Forensics, Vetinery,
Dietery, Hospitality, jobs which offer good returns in the first
world nations, have to dig deep into their pockets to go overseas.
Singapore "training institutions" are for mechanical churning out of
3rd world forecasts if internal labour needs, which is increasing
becoming obsolete and inaccurate.

Unprepared for the world employment, prepared for a skills mismatch
in their own economy, and betrayed by the very planners who allow
foreigners in easily, Singaporeans face the near impossible task to
seek good employment.

Unless PAP wakes up to the reality that their election winning
combination is no longer beneficial nor effective, Singapore will
soon be planned to the dinosaurs.