SINGAPORE:
Singapore is stepping up efforts to prepare its workforce for the rising impact of artificial intelligence (AI), offering financial support and retraining options for those whose current skillsets may be rendered obsolete by such technology.
The city-state’s digital development and information minister Josephine Teo said its approach combines reskilling with income support to give displaced workers time to rebuild their careers.
“For those who are aged 40 and above and have lost their jobs, the government is prepared to offer them a subsidy to enable them to pursue a second diploma qualification so they can return to school and upskill themselves.
“We also understand that people still have to pay their bills, put…