Thanks to the gig economy, Singapore’s labour market might be rosier than you think

SINGAPORE (Sept 22): Failure to accurately capture the growing gig economy may be understating actual job creation and painting a more pessimistic picture of Singapore’s labour market, according to Maybank Kim Eng Research.

"We suspect that Singapore’s gig workers are underestimated,” says lead analyst Chua Hak Bin in a Friday report.

Manpower statistics suggest that some 9% of Singapore’s labour force is engaged in the gig economy as of 2016, he says. This is much lower than the estimated 30% in the US and 25-31% in European countries.

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