AI Boosts Revenue/Employee by 3x

Wages are growing 2x faster in AI-exposed industries

“You can make excuses or you can make progress. You choose.”: Brian Tracy

Today’s top stories:

  • AI Adoption Boosts Revenue Per Employee by 3x

  • Ministry of Manpower (MOM) to ramp up inspections in certain “high-risk sectors”

  • 5 Singapore Blue-Chip Stocks Whose Share Prices Fell Double-Digits YTD

  • 19% Singaporean employers see decrease in headcount

AI Adoption Boosts Revenue Per Employee by 3x

  • Productivity growth in industries using AI has quadrupled since 2022

  • Workers with AI skills like prompt engineering command a 56% wage premium

  • Wages are growing 2x faster in industries most exposed to AI

  • More women than men are in AI-exposed jobs

MOM to ramp up inspections in certain “high-risk sectors”

  • Singapore Ministry of Manpower to increase enforcement inspections by 25%

  • High-risk sectors include construction, manufacturing, marine, transportation and storage 

  • 5 workplace deaths were recorded in May

  • Companies to carry out a voluntary safety timeout between June 12 to 26

5 Singapore Blue-Chip Stocks Whose Share Prices Fell Double-Digits

  • Yangzijiang Shipbuilding (SGX: BS6): -22.6%

  • Jardine Cycle & Carriage (SGX: C07): -16%

  • Mapletree Logistics Trust (SGX: M44U): -14.7%

  • Venture Corporation (SGX: V03): -14.6%

  • SATS Ltd (SGX: S58): -13.5%

19% Singaporean employers see decrease in headcount

  • Out of 525 employers surveyed, 43% have plans to hire, whilst 19% anticipate a decrease in their headcount

  • Healthcare and Life Sciences recorded the strongest hiring sentiment

  • Economic challenges is top reason for decreasing headcount

Chart of the day

Source: PwC

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