Original article

Singapore GE2020: Every working Singaporean needs to be on 'moving escalator' of better skills and income, says Tharman

Jul 07, 2020 | 🚀 Fathership
SINGAPORE - Every Singaporean worker needs to be on a "Moving escalator" of better skills and income, said Senior Minister Tharman Shanmugaratnam.

At the same time, middle-aged and mature workers may find that the escalator has suddenly stopped, Mr Tharman added.

Had Singapore experienced the same rise in joblessness as Hong Kong and Germany, which are "Well-run economies", Mr Tharman estimated that there would be about 60,000 to 70,000 Singaporeans out of work.

Mr Tharman, explaining the work of the National Jobs Council, which he helms, said it is far better to put government resources into subsidising jobs and skills than into subsidising unemployment, even though both are aimed at helping the jobless.

The jobs and skills package aims to get them back into the workplace, ideally for a permanent job, or - if there are not enough of these in the short term - then at least on an attachment, where they can get some structured training that provides a pathway to being hired full-time, Mr Tharman said.