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Parliamentarians emphasized the need for Singapore to unite and transform its economy through collaboration between the government, businesses, and citizens to navigate the COVID-19 crisis and global changes, with a focus on creating new jobs in digitalization and sustainability while supporting affected sectors like aviation and retail.
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Speakers highlighted the importance of inclusive growth, urging fair hiring practices, support for displaced workers, seniors, and persons with disabilities, and the redesign of jobs to harness experience, while cautioning that digitalization exposes professionals to global competition and requires a rethinking of workforce protection beyond quotas.
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Debates called for stronger social safety nets, including reviewing unconditional wage subsidies, enhancing unemployment support, allowing CPF withdrawals in emergencies, and indexing retirement payouts to inflation, alongside fostering a more compassionate approach to welfare that rewards effort and reduces stigma.