The Business Times
business-time-50
NATIONAL DAY RALLY
·
SUBSCRIBERS

‘Not overly generous’ jobseeker support will mainly help the lower-income: observers

More might have to be done for the middle-income and older workers, they say

google-preferred-sourceAdd BT as a preferred source
Paige Lim

Paige Lim

Published Mon, Aug 19, 2024 · 09:37 PM
    • Associate Professor Walter Theseira, a labour economist, said: “The scheme by quantum is targeted more at lower-income workers, as the payout amounts are quite low by international standards for replacement income-type schemes for middle-income workers.”
    • Associate Professor Walter Theseira, a labour economist, said: “The scheme by quantum is targeted more at lower-income workers, as the payout amounts are quite low by international standards for replacement income-type schemes for middle-income workers.” PHOTO: BT FILE

    WITH upcoming support for the involuntarily unemployed chiefly benefiting lower-income workers, more needs to be done for middle-income and mature workers, said observers.

    They also hope for clarity on whether a worker can benefit from both the new scheme and the existing SkillsFuture Mid-Career Training Allowance at the same time.

    In the National Day Rally on Sunday, Prime Minister Lawrence Wong gave some details of the long-awaited SkillsFuture Jobseeker Support scheme, saying that it focuses on helping lower and middle-income workers.

    National Day RallyUnemploymentJobs and skills

    TRENDING NOW

    Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

    Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

    The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

    Shanda co-founder sells Tanglin Hill bungalow for S$76 million

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More