Many countries have a problem of finding enough jobs for their people. In countries where jobs for existing workers is protected, there is high unemployment among the youth.
In countries where there is weak protection of workers, such as in Singapore, there is high unemployment among the older workers. We now see this phenomena among the PMETs.
Countries with high rate of tax, such as in Scandinavia, is able to handle this problem better. the high tax rate allows them to pay unemployment benefit.
It is a mechanism that those who are employed should contribute towards the welfare of those who are unemployed. If the wages are below subsistence level, it is better to draw unemployment benefit. Somehow, it ensures that the wages are kept at an "adequate level".
There is the risk that unemployment benefit can be abused by those who are lazy. But, some countries are able to manage the abuse quite well, while others failed in this task. It depends on the culture of the people and the Government.
We cannot rule out that unemployment benefit is bad and that the system in Singapore is good. Each system has its strengths and weaknesses.
I do not like the Singapore system, as it is not properly managed. Too much is left unmanaged. This is why the cost of living is too high, relative to wages.
I like to see a change in government, so that the social problems faced in our society, which has been neglected for two decades, can be properly addressed, and a new perspective can be considered.
In countries where there is weak protection of workers, such as in Singapore, there is high unemployment among the older workers. We now see this phenomena among the PMETs.
Countries with high rate of tax, such as in Scandinavia, is able to handle this problem better. the high tax rate allows them to pay unemployment benefit.
It is a mechanism that those who are employed should contribute towards the welfare of those who are unemployed. If the wages are below subsistence level, it is better to draw unemployment benefit. Somehow, it ensures that the wages are kept at an "adequate level".
There is the risk that unemployment benefit can be abused by those who are lazy. But, some countries are able to manage the abuse quite well, while others failed in this task. It depends on the culture of the people and the Government.
We cannot rule out that unemployment benefit is bad and that the system in Singapore is good. Each system has its strengths and weaknesses.
I do not like the Singapore system, as it is not properly managed. Too much is left unmanaged. This is why the cost of living is too high, relative to wages.
I like to see a change in government, so that the social problems faced in our society, which has been neglected for two decades, can be properly addressed, and a new perspective can be considered.
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