Lim Swee Say: We can pursue a future of better jobs and pay for all Singaporeans
Posted by temasektimes on April 28, 2012
Singapore aims to generate a ‘virtuous’ cycle of economic and social gain at the same time to reduce the social downside of economic growth, even as it pursues the upside of economic growth as well, said Minister in Prime Minister Office and Labor Chief Mr Lim Swee Say in his Labor Day message to Singaporeans.
With higher cost of living, Singapore needs to narrow the income gap between the rich and the poor, but it should not resort to ‘quick fixes’ as talent can go anywhere in a highly competitive world.
“Any country or economy trying to look for a quick and easy solution, the solution may work for one or two years in the long run [but there] will be more pain than gain,” Mr Lim said.
He added that as Singapore slows down the increase of foreign manpower in the workforce, it must make better use of every worker at all levels, including lower-wage workers.
Mr Lim stressed that the best way for Singapore to succeed is for the tripartite partners to work in unity and turn these challenges into opportunities for our people and businesses.
“Together, we can pursue a future of better jobs, better pay and better career prospects for all Singaporeans,” he said.
There are no independent trade unions in Singapore which all come under the umbrella of the National Trade Union Congress (NTUC) which is headed by Mr Lim himself.
By ‘convention’, the Labor Chief is almost always a cabinet minister.