15 June 2016 at 5:19 GMT
The Straits Times
Technological disruption is expected to cause massive job losses – which is why some European states are debating giving citizens a basic income that can see them through such changes. This may sound extreme to Singaporeans, but the debate highlights the need for social welfare systems to move away from being too dependent on employment. Universal basic income is emerging as a possible system to augment or even replace the welfare state. In Finland, the social insurance body will pilot a scheme next year. In Europe, they're talking about a basic income for everyone regardless of need. Over here in Singapore, we need to start talking, fast, about how to rework our social security systems to protect workers better from the churn and turn of the Gig Economy.
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