Hellow guys, Welcome to my website, and you are watching What is Enough? Our take on Singapore Minimum Income Standard. and this vIdeo is uploaded by La Kopi with D & D at 2023-11-23T06:00:31-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | What is Enough? Our take on Singapore Minimum Income Standard |
| Video Uploader | Video From La Kopi with D & D |
| Upload Date | This Video Uploaded At 23-11-2023 14:00:31 |
| Video Discription | "A family of 4 needs at least $6,693 a month to afford a basic standard of living in Singapore." The report from Nanyang Technological University (NTU) and the Lee Kuan Yew School of Public Policy (LKYSPP) has reignited the discussion about supporting lower-wage workers and their families in Singapore. The report emphasizes the financial challenges faced by a family of four, which needs at least $6,693 per month to afford a basic standard of living. This includes parents, a pre-teen, and a teenager. The Minimum Income Standards (MIS) Report 2023 suggests establishing a universal wage floor to help lower-wage workers and families cope with the rising cost of living. It also highlights the need to reform the Central Provident Fund (CPF) and social support schemes to ensure that poorer retirees do not fall behind. The report's findings have triggered discussions about the concept of a universal wage floor. On the issue of retirement adequacy, the report points out the limitations of Singapore's pension system, primarily based on individual savings in CPF. The report's focus on defining basic needs through collective decision-making is an interesting approach that aims to consider various perspectives. In this episode, we discuss varying interpretation of minimum income standard (MIS) based on modern Singapore society, material/ non-material needs, having a dignified life with choices, social participation (human needs to partake in social life) as well as the importance of building solidarity among stakeholders (Singaporeans). |
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