Protecting jobs will only hold back the process of innovation and hinder the creation of new and better jobs, says Deputy Prime Minister Lawrence Wong.
SINGAPORE: Singapore’s approach to employment resilience is to protect workers, not jobs, Deputy Prime Minister Lawrence Wong said on Saturday .
“In a dynamic and healthy economy, there will always be a flow of innovation, new ideas and new ways of doing things, that is to be expected,” said Mr Wong, who is also the finance minister.Mr Wong also said sometimes the new jobs created are within the same company, taking over obsolete jobs. Mr Wong said in his speech that very few countries around the world have a good system in place for adult training, skills upgrading and job placement.
“We must recognise that we have a very diverse workforce,” he said, before going on to highlight the various groups of workers.
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