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- AI Boosts Revenue/Employee by 3x
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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