WP presses for stronger support for youths and entrepreneurs; govt says jobs, skills are key to lasting success

Singapore’s political landscape saw renewed focus on economic inclusivity and youth empowerment as the Workers’ Party (WP) pushed for structural reforms aimed at supporting young citizens and local entrepreneurs during a parliamentary session on August 5. The debate centered on a motion introduced by WP MPs Kenneth Tiong (Aljunied) and Jamus Lim (Sengkang), outlining a vision for an "economy of the future." In response, the ruling People’s Action Party (PAP) government emphasized the importance of good jobs, skills development, and adaptability as keys to long-term economic participation and success. The motion, which initially called for a more inclusive economic model, underwent amendments during a nine-hour parliamentary discussion before being passed. Minister for Trade and Industry (Energy and Industry) Tan See Leng acknowledged the validity of Mr Tiong’s question, “How does an ordinary Singaporean get a lasting share of our country's success?”, and outlined the government’s stance. He argued that meaningful economic participation comes through secure employment, wage growth, and continuous skill acquisition. He added that Singaporeans must be supported in adapting to technological shifts and recovering from setbacks through learning opportunities and financial assistance. Mr Tiong highlighted the challenges faced by young Singaporeans in climbing the career ladder, noting that entrepreneurship remains rare due to limited social safety nets, a small domestic market, and high operational costs. He proposed creating a special innovation zone near Nanyang Technological University (NTU), where state land would be leased at cost-recovery rates rather than market values. Revenue would come from companies operating in the area, not from rental income. Describing the initiative as both "pro-worker and pro-business," he urged Singapore to shift its focus toward nurturing homegrown enterprises over the next three decades. “This country has spent 30 years making it a great place for foreign companies to succeed,” Mr Tiong remarked. “Now, I’m asking that we spend the next 30 making it a place where our own companies can thrive.” WP Non-Constituency MP Andre Low addressed the issue of the “broken bottom rung” of the career ladder, emphasizing the struggles of young Singaporeans in securing stable employment. He proposed a “fair start promise”, a national commitment ensuring that individuals under 30 transitioning from education or National Service receive either stable employment or a well-paid career-building path. His suggestions included establishing a “national market” for paid apprenticeships, offering structured training, and granting full employee benefits such as Central Provident Fund contributions. While acknowledging concerns raised by the WP, Minister of State for Manpower Dinesh Vasu Dash noted that the current labor market is more resilient than portrayed. He cited data showing that in the first quarter of 2026, Singapore had approximately 32,800 entry-level professional, managerial, executive, and technical (PMET) vacancies, surpassing the number of graduates seeking employment. Additionally, about 90% of university graduates from the 2025 cohort secured jobs within a year of graduation, indicating a relatively healthy job market for recent entrants. The ongoing dialogue reflects a broader conversation about how Singapore can balance economic stability with inclusive growth. As debates continue, the emphasis on skills development, entrepreneurial support, and equitable access to employment pathways underscores the evolving priorities of policymakers in shaping the nation’s future.