Budget debate: MPs call for new industrial policy, structured transitions as AI reshapes jobs

Yahoo Finance
2026.02.25 12:30
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During the Budget debate in Singapore, MPs emphasized the need for a new industrial policy to adapt to AI's impact on jobs. NTUC's Desmond Choo advocated for a life-cycle approach to support workers, suggesting co-funding for entry-level job training similar to apprenticeship systems in Germany and Switzerland. Other MPs highlighted the importance of evolving education, continuous reskilling, and career coaching to help workers adapt to changing job demands. They stressed the need for inclusive growth, especially for older workers, and called for government and employer collaboration to upskill the workforce.