NTUC chief stressed the need for Singapore to transform its economy, workforce and society
NTUC Secretary-General Lim Swee Sway says many countries are facing the problem of he calls "three not enough": not enough jobs for the young, not enough wage increases for the working adult and not enough pension for the retirees.
Against this global backdrop, he says Singapore can take heart that it's doing relatively well.
Mr Lim says Singapore's unemployment rate is low, wages are rising steadily, and re-employment age for mature workers is going up.
Even so, he says Singapore has its own challenges of a widening income gap, an ageing workforce and a potential rise in structural unemployment.
To confront these challenges, Mr Lim says Singapore must transform its economy, workforce and society.
He was speaking at the labour movement's National Day Observance Ceremony at the Singapore Conference Hall.
In attendance were members from nEbO, Youth Development Unit, Family Development Unit and ULive.
A representative from each unit shared their National Day stories based on personal photos they have contributed.
The stories highlighted their aspirations to create a better Singapore for all Singaporeans.
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