The pace of alteration will quicken. - First instance of unemployment benefit given in Singapore due to AI endangering jobs.
The newly appointed Prime Minister, Lawrence Wong (51), announced on Wednesday his intention to implement a support system following years of resistance. The driving force behind this sudden shift in policy? The ever-growing influence of AI. Wong made this revelation during an interview with Strait Times, stating that as technological advancements continue to accelerate, more jobs will be lost. "To counter this and provide security for all, we feel it is imperative to introduce a support system," he said.
Wong believes that this safety net should not only be the government's responsibility, but a collective effort from the entire society. Financial assistance for those affected is just one aspect of this new initiative. Individuals will also have the opportunity to retrain in a different field if they wish. At the time of writing, an official start date for the system was yet to be set.
This move represents a striking political shift for the East Asian nation. Previously, former Prime Minister Lee Kuan Yew (91) had maintained in 2011 that "the principle is that you have to work. We will not pay you to lie around." However, Wong himself has raised concerns regarding the potential negative outcomes of unemployment benefits in other countries. "Those who receive such generous benefits may find it more appealing to remain unemployed than to return to work," he said.
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Source: symclub.org
