Following Deputy Prime Minister Lawrence Wong’s statement at the May Day Rally on Monday( May 1 ), union leaders and members praised the focus on assisting people in upskilling and addressed business issues.
Patrick Tay, a member of parliament and assistant secretary-general of the National Trade Union Congress( NTUC ), expressed his satisfaction at learning about Mr. Wong’s emphasis on skill development to guarantee equal opportunities and that no one is left behind. & nbsp,
” I warmly welcome this renewed focus and support … on assisting Singaporeans in embracing lifelong learning and skill-building.” This, in his opinion, is crucial for labor motions all over the world, not just for the Singaporean labor organization. & nbsp,
However, according to Muhammad Shariffudin, leader of the Singapore Industrial and Services Employees’ Union, workers’ commitments to retraining may be problematic. & nbsp,
For instance, workers left the industry during the COVID-19 crisis due to difficulties, and they are now coming back. & nbsp,
” Now that we are busier, I believe they are more focused on their jobs than to find a job and move on, and the training part will be difficult to bring them in ,” he continued. & nbsp,
At the back of their minds, they now believe that their skills are crucial, but the reality is that they must balance both the time and the space allotted to them. & nbsp,
Singapore” never manage to outbid the big boys ,” Mr. Wong said in his main speech,” to attract investments from foreign corporations, as great economies mobilize large sums of money to build up their own corporate industries.” & nbsp,
According to the Deputy Prime Minister, who outlined several hurdles Singapore faces in a society that is” in dire straits ,” Singapore is also feeling the effects as competition for projects becomes tougher.
At the NTUC May Day Rally, he addressed 1,400 labor organization leaders, people, and tripartite partners, saying,” We won’t have enough money to match the market, but we must enough of innovation and entrepreneurship, guts and courage.”
At the annual May Day Rally, Mr. Wong, who is anticipated to become Singapore’s then prime minister, gave the keynote speech for the first time in place of Prime Minister Lee Hsien Loong. At the protest last year, he spoke alongside Mr. Lee.
Assuring Singaporeans that housing is still affordable as prices have increased in tandem with incomes, Mr. Wong also discussed the cost of living and the price of Build-to-Order ( BTO ) flats. & nbsp,
He said in his speech,” When you think about pricing, please don’t just look at the title cost of the BTO flat; also consider how the cost relates to profits, as well as the proportion of income required to support the housing loan.” & nbsp,
According to Mr. Wong, who is also the Finance Minister, the average household currently uses less than 25 % of its income to pay off its home loan, as it did in 1980. & nbsp,
Robert Yap, chairman of the Singapore National Employers Federation, stated that it is extremely challenging for companies to succeed in our tripartism, the fundamental agreement that forms the backbone of all employees. Therefore, I believe we must correct that. “& nbsp,
Companies in Singapore, as well as those all over the world, face challenges like prices and a labor shortage, he continued. & nbsp,
Dr. Yap said,” But this is a situation I think we know how to manage. We manage it better because of our secret recipe, like what he mentioned, tripartism that we have built over the past six decades. & nbsp,