01 May '12, 6am

PM Lee addresses concerns on cost of living at May Day Rally

SINGAPORE: Prime Minister Lee Hsien Loong spoke on some of the concerns of workers and how the government intends to work with them to tackle these issues. Addressing more than 1,500 unionists, workers and employers at the May Day Rally, Mr Lee said he had lunch with union leaders last week to find out what concerned them. One of the issues is the cost of living particularly healthcare costs. Unions are also worried that CPF savings may not be enough especially with inflation. Mr Lee assured those who attended the rally that the government will continue to monitor inflation very closely to see if more needs to be done. Another area of concern is of low wage workers whose wages are not keeping up with the rest. Mr Lee said the feeling among unionists is that those earning low-wages are stuck no matter how hard they try to upgrade. Another concern is the ageing workforce. PM...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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