Some Numbers to Ponder

The school opened for new term last week. I was astounded to read in the paper that there are now about 110,000 students attending schools from the age of 3 to 18 years old. Beyond that age, a few more thousands are studying at HND or university level.

Here are some more scary numbers to ponder. What that means on average they will be about 5,000 school leavers entering the job market every year. With people retiring from our large public sector which I guesstimate to be about 100,000 strong, it would be presumed that around 3,000 jobs are made available to the job seekers every year. The rest are probably supplied by private sectors or new industries or businesses.

Now with the recent extension of retirement age by 5 year, I fear that the annual supply of jobs from both public and private sectors through retirement is all gone. So for the next 5 years, somebody need to find serious alternatives to replace the 25,000 jobs which would have been made available to the job seekers.