
Mr Philemon spoke at length on the need for unemployment insurance and drew rounds of applause from those present. He related a recent webchat session he had with the Manpower Minister, Mr. Gan Kim Yong. He told the minister that Unemployment Insurance should be a matter of rights for the workers and that workers should not be dependent on handouts in the form of allowances and aids. He said that Unemployment Insurance gives the retrenched and unemployed worker a sense of financial security, that it encourages domestic consumption which keeps the economy going at an acceptable level, and that it also gives financial institutions the added assurance to keep on lending even in the event of an economic crisis.
Link: Give us better statistics on employment
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