Through pro-active policy, a reallocation of resources and a renewed vision for the work force, we can drastically improve our odds of securing an optimistic outcome
recently noted, Singapore’s Skills Future Credit and Skills Development Levy provides an excellent example of government-facilitated re-skilling. The government provides Singaporeans of 25 years of age and older with the opportunity to receive the equivalent of $480 per year in their personal learning accounts for re-skilling. In addition, the government offers mid-career support and provides $480 to every Singaporean citizen aged 40 to 60 to access career transition programs.
To ensure Canadians are financially protected, we need to redesign our social safety nets, such as EI, to match the changing needs of the work force. The current COVID-19 pandemicthese vulnerabilities. As the economy shut down, gig workers and self-employed individuals were unable to get financial support because they did not meet the EI eligibility requirements.
The Danish government’s recently-established Disruption Council is an example of a successful social safety net redesign. Through this council, new regulation has been passed that provides all Danes, regardless of their form of employment, a harmonized safety net and income security in the event that they lose their job or income. Moreover, under this new regulation, all taxable income can be used to earn unemployment benefits.
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