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Budget 2026: Are the new measures enough to help cushion the impacts of AI, including layoffs, for workers?
Budget 2026 is putting a spotlight on helping workers navigate the shifts brought forward by AI and automation, with support for reskilling, career transitions and manpower planning. This includes government plans to expand the TechSkills Accelerator to help workers build more practical capabilities. Meanwhile, more support will be given to lower income workers, with the Progressive Wage Credit Scheme has been extended for 2 more years, to 2028, while co-funding support for 2026 has been raised from 20% to 30%. Budget 2026 has also included updates to Singapore’s foreign worker…
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