Don’t mistake plans to provide financial support to retrenched workers for a change in philosophy about welfare. It will still be very much in line with Singapore’s ethos of self-reliance, says NUS labour economist Kelvin Seah.
Singapore is looking at providing support to involuntarily unemployed workers, as part of a revamp and expansion of the SkillsFuture programme. So when Prime Minister Lee Hsien Loong announced at the National Day Rally that there would be a new scheme to provide, there was much chatter. More recently, Deputy Prime Minister Lawrence Wong said that there were plans to introduce this support as
Of course, since the financial support comes from public coffers, taxpayers end up bearing the brunt of long-term welfare dependency. Even countries that recognise the need for unemployment benefit reform often find it politically challenging to do so.Commentary: Gone are the days when workers can rely on a single job for their entire career
While it is easy to monitor whether individuals are undergoing training, it is more challenging to monitor whether they are actively looking for a job. Unless there is active official monitoringDISCOURAGE LONG-TERM DEPENDENCY AND GAMING The amount should also not be too large that it encourages people to remain unemployed. One approach might be to consider last drawn salary with an appropriate level of discounting. For example, the level of support could be set at a percentage of last drawn pay, with some maximum cap imposed.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Commentary: Israel-Hamas conflict is a reminder that Singapore cannot take its eye off the ballIt’s hard to imagine the violence and losses inflicted upon Israelis and Palestinians from the comfort and security of Singapore, but they are a sobering reminder of what we cannot take for granted, says the Lee Kuan Yew School of Public Policy’s Terence Ho.
Read more »
Commentary: Indonesia's 'golden visa' pitch to big-time investors must endure beyond Jokowi's termIndonesian President Joko Widodo needs long-term capital to make his ambitious 2045 vision a reality, says ex-journalist Warief Djajanto Basorie.
Read more »
Commentary: South Korea’s defence ambitions can be met by techNew challenges from Pyongyang should be the impetus for South Korean arms manufacturers to further combine weapons and technology, says Tim Culpan for Bloomberg Opinion.
Read more »
Commentary: Fresh national initiatives aside, what more can be done to prevent suicides?The key to suicide prevention is to recognise that such work needs to exist on a continuum and begin before suicide ideation even surfaces. Here are three actionable and less discussed solutions that could potentially help.
Read more »
Commentary: Is cybersecurity a public or private good?Although cybersecurity is a “team sport”, the state needs to play an even bigger role than the users.
Read more »
Commentary: How did Malaysian budget carrier MYAirline fail so quickly?Malaysia should review requirements and policies for new airlines following the sudden collapse of MYAirline, writes aviation analyst Brendan Sobie.
Read more »