Younger Singaporeans will not have the same career paths as older generations, said Transport Minister Jeffrey Siow.

Mr Siow said people will not work for one company for a long time, and this will be different for the next generation.

People will take different jobs and change companies often. They may need to learn new skills.

The government must help people get new skills throughout their working lives, not just before they start working.

The focus will shift from schools and universities to retraining and reskilling during work, said Mr Siow.

Mr Siow was answering a question about the Economic Strategy Review and its 32 recommendations.

Singapore must develop its workforce due to demographic constraints, said Mr Siow.

Singapore's population is ageing, and the total fertility rate is very low. This means a smaller but more skilled workforce.

Instead of seeing this as a problem, Singapore can invest more in each worker, said Mr Siow.

With a smaller workforce, Singapore can invest more in each person and help them get new skills.

Not many cities or countries can do this, said Mr Siow.

Singapore already has a headstart with SkillsFuture, which helps people get new skills.

The Economic Strategy Review was launched to examine Singapore's success and plan for the next 5-10 years.

Over 7,700 people took part in the consultations, including business leaders and workers.

The ESR exercise brought people together, said Mr Siow, and many had not worked together before.

Singapore's small size means it must work together to tackle economic challenges, said Mr Siow.

Everyone must share responsibility for the economy, including leaders and businesses, said Mr Siow.