And governments have to deal with the challenge of “preparing young people to cope with the future world which we are not quite able to define yet”.
The pace of the global economic transformation will put the social contract in developed countries — including Singapore — under pressure. And governments have to deal with the challenge of “preparing young people to cope with the future world which we are not quite able to define yet”, Prime Minister Lee Hsien Loong said in an interview with Time magazine published yesterday.
While the Government can help in various ways — training, transition assistance and social support for the unemployed — it cannot stop the change from happening, Mr Lee noted. “It is going to put the social contract under pressure. People have to feel that the Government is on their side and is helping them to cope,” he said.