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The Government will, among other things, increase social spending, and ensure that the low-income workers and their families get access to education, housing, healthcare and transport. It will also build on its Workfare Income Supplement scheme, Mr Lee said.
At the NTUC conference, Mr Lee said that Singapore needs to restructure its economy to move forward in this "tough environment" - and this involves phasing out activities which are no longer viable to make way for new investments.
As a result, some lay-offs and shutdowns are "unavoidable" because the alternative is a stagnant economy, one where jobs disappear over time and no new ones are created, he said.
- http://www.todayonline.com/Singapore/EDC111207-0000088/A-call-to-focus-on-the-low-income
At the NTUC conference, Mr Lee said that Singapore needs to restructure its economy to move forward in this "tough environment" - and this involves phasing out activities which are no longer viable to make way for new investments.
As a result, some lay-offs and shutdowns are "unavoidable" because the alternative is a stagnant economy, one where jobs disappear over time and no new ones are created, he said.
- http://www.todayonline.com/Singapore/EDC111207-0000088/A-call-to-focus-on-the-low-income