PM Lee: Govt will keep Singapore OPEN and embrace the world
Posted by temasektimes on May 1, 2012
Speaking at his May Day rally, Prime Minister Lee said:
“The first is to keep Singapore open, embrace the world, welcome new ideas and explore new opportunities. That’s how Singapore has become successful and has competed against bigger countries and held its own and more.”
One area of concern is of low wage workers whose wages are not keeping up with the rest. PM Lee said the feeling among unionists is that those earning low-wages are stuck no matter how hard they try to upgrade.
He revealed plans such as the inclusive growth programme which has now been increased to S$100 million to upgrade 100,000 low-wage workers.
There are also substantial fiscal transfers to low-wage workers and their families through GST vouchers, workfare and the special employment credit.
As for the rising cost of living, PM Lee said the government is monitoring the situation closely to see if more can be done.