PM Lawrence Wong Pledges New and Better Jobs as AI Transforms Singapore’s Economy

Date:

Singapore’s incoming Prime Minister Lawrence Wong addressed the nation’s economic future during the May Day Rally, focusing on the transformative impact of artificial intelligence. He pledged the government’s commitment to creating high-quality job opportunities while supporting workers through technological shifts. Highlighting the importance of tripartism, Wong detailed plans for expanded SkillsFuture initiatives to assist mid-career workers in reskilling. The speech emphasized a proactive approach to maintaining Singapore’s competitive edge by ensuring long-term employment security and growth in a rapidly evolving global market.

  • Prime Minister Lawrence Wong pledged to create “new and better” jobs to ensure the Singaporean workforce remains competitive.
  • Artificial intelligence was identified as a primary driver of economic transformation and potential job disruption.
  • The government highlighted the SkillsFuture Level-Up Excellence Program, designed to support mid-career workers in reskilling.
  • Wong reaffirmed the importance of tripartism—the collaboration between the government, employers, and labor unions.
  • Financial assistance and training support were emphasized as key tools for workers displaced by technological changes.
  • The strategy focuses on proactive adaptation to global economic shifts rather than resisting technological progress.

Based in Singapore, CNA (Channel News Asia) covers global developments with an Asian perspective, with correspondents based in major cities across Asia, including Kuala Lumpur, Jakarta, Bangkok, Tokyo, Seoul and Beijing, as well as in New York, Washington D.C. and London.

Official website: https://www.channelnewsasia.com/

Original video here.

This summary has been generated by AI.

14 COMMENTS

  1. Not true that the GST increase hurts the poor’: Lawrence Wong 2 Mar 2022

    GST hike impacts on prices is "once off" and not permanent.: Lawrence Wong 28 Feb 2024

  2. AI simultaneously creates new jobs and displaces workers in other sectors, while intensifying foreign talent acquisition, which consequential impacts local employment levels.
    [Ref: Singapore PM Wong on AI: We may not be able to protect every job, but we will protect every worker – CNA 1 May 2026]
    [Ref: Singapore’s ONE Pass draws global AI and tech talent – CNA 19 Apr 2026]

  3. The perpetual need to raise productivity, be it clocking more hours or increasingly using AI, will never end because of the nature of the global economy that depends on leverage like credit and debt to grow, unless a new model that does not depend on leverage is adopted.
    Tokenisation will make it even worse.

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