Part 4/11:
Another edge for Singaporean businesses lies in regional expansion and tapping into the broader Southeast Asian market. With many multinational companies eyeing the region for growth, the availability of talent across borders becomes a critical strategic asset. However, the challenges associated with gig work—namely, limited job protections and potential instability—highlight an area where government intervention could make a difference.
Supporting gig workers to transition into more formal employment structures could benefit both employees and the economy at large. For instance, initiatives that provide protections or training for gig workers might encourage a more stable and skilled workforce, ultimately contributing to sustainable growth.