Commentary: Budget 2025 shifts the focus from short-term wage support to long-term skills investment

Quick Summary:

If well-executed, the government’s latest initiatives can help create a more resilient, productive and inclusive workforce in Singapore, says NTU’s Chua Yeow Hwee.

One of the biggest challenges lower-wage workers face when considering training is the trade-off between earning and learning.

Workers who graduated just five years ago may already find their skills outdated, making continuous learning essential for career resilience.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Initiatives Income Skills Wage Support Workers Lower-wage Must Workforce Long-term Training

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 06:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 1016 words

Reading Time: 6 minutes read

Sentences: 55 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26306703

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 28 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 8 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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