Cutting Social And Welfare Programmes

Cutting Social And Welfare Programmes


Finally, another labour market policy is cutting
down on social and welfare programmes. This is because such welfare programmes have
eroded the incentives for people to work since the
unemployed are able to receive monetary help. Thus, by cutting back on such programmes,
you will encourage people to look harder for jobs, as well as be less picky about the kind of
jobs that they want to take up. This will help to increase the supply of labour
in the economy. In Singapore, unemployment benefits are minimal so that the reliance on the government is
reduced

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