Singapore Prime Minister Lee Hsien Loong says the government is determined to tackle problems and improve the lives of workers , in his annual May Day Rally
Prime Minister Lee Hsien Loong says the government is determined to tackle problems and improve workers' lives.
He was speaking at the annual May Day Rally.
For older workers for example, he hinted at how the government may progressively do more to encourage the employment of this group.
This is on top of the Retirement and Re-employment Act, which requires employers to offer re-employment to workers who turn 62, up to 65 years of age.
Mr Lee said it cannot be a one-sized fits all policy.
But any change will take into account some people who can work beyond 70, health permitting.
Other groups that the government is focused on helping - low wage workers and Professionals, Managers and Executives.
To raise wages, Mr Lee said Singapore must grow the economy.
He said government transfers or protection cannot be the fundamental basis to improve lives.
To grow the economy, he said Singapore must attract quality investments and create better jobs, restructure the domestic economy, and invest in the future.
Against the backdrop of painful economic restructuring, Mr Lee said the country's situation is "certainly not perfect".
But seen in perspective, he added that it's in "better shape than others".
Mr Lee cited challenges faced in countries like the US, Greece, and Spain which are grappling with issues like unemployment and income inequality.
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