24 March 2020
- RSIS
- Media Mentions
- Helping Singapore Businesses and Workers Weather COVID-19 and Beyond
Helping Singapore Businesses and Workers Weather COVID-19 and Beyond
Chew Soon Beng, Adjunct Senior Fellow at RSIS, NTU and Wong Kuo Yheu Keith, who is pursuing a Masters of Public Administration at NTU’s Nanyang Centre for Public Administration, wrote in a commentary that the severity of the economic disruption caused by COVID-19 means that getting rebates alone may not be enough for businesses struggling with ongoing operational costs such as wages and rental. It is hence crucial to drastically lower such costs for businesses to save jobs and to expand the safety nets to those segments of the society most at risk. Employers who keep their workforce intact will reap the benefit of a fast economic recovery. Investing in wage cuts and sending workers for training on absentee-payrolls will ultimately pay good dividends for Singapore.
RSIS / Online
