Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • Crypto billionaire Christopher Harborne no longer interested in Reform-Tory pact | Politics
  • Crypto billionaire Christopher Harborne ‘no longer’ interested in Reform-Tory election pact | Politics
  • OKX Unveils Orbit: A New Era of Social-Driven Cryptocurrency Trading
  • Leading Finance Podcasts for Beginners in the UK (2026 Guide)
  • Hockney scrolls through Bayeux, Brideshead gets revisited and Stubbs leads the field – the week in art | Art and design
  • Southampton-born artist’s honour as major exhibition opens art gallery
  • The Best Cryptocurrency to Buy With $500 Right Now (If You’re Thinking Long Term)
  • Locke in at Camden Art Centre
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Investments»Governments must tackle job concerns amid global AI excitement, investments: PM Wong
Investments

Governments must tackle job concerns amid global AI excitement, investments: PM Wong

November 23, 20253 Mins Read


JOHANNESBURG: Amid global excitement over the potential of artificial intelligence (AI) and the investments pouring into related infrastructure, governments must address legitimate concerns about jobs and livelihoods, Prime Minister Lawrence Wong said on Sunday (Nov 23).

He was speaking during a session on the second day of the G20 Summit, about creating a fair and just future for all.

Mr Wong noted the “tremendous potential” of AI to improve and transform lives, adding that the world is still in the early stages of this AI journey.

It is natural to see excitement and “exuberance” about AI, and this, he said, is reflected in the massive investments flowing into infrastructure such as data centres.

“But as governments, we should be clear-eyed and look beyond the hype,” he told fellow world leaders.

“Our task is to ensure the responsible use of AI and to harness AI’s real and longer-term potential to build a more efficient and responsive government, and to raise productivity across every sector of the economy.”

Mr Wong said Singapore has been systematically harnessing AI within its public sector to streamline processes, strengthen service delivery and free up officers to focus on higher-value work.

BUSINESSES AND LIVELIHOODS

Businesses are also beginning to harness AI applications, said Mr Wong.

“For smaller enterprises, it could be as simple as accessing AI-powered software and tools. For larger companies, it will mean using advanced AI models or even developing in-house models to fundamentally redesign work processes, and to scale up new solutions,” he said.

Singapore is also creating regulatory sandboxes and test beds, to let companies experiment safely, trial new ideas and bring cutting-edge AI solutions to market more quickly, shared Mr Wong.

Amid these innovations, one key challenge for governments everywhere is to address genuine concerns about jobs and livelihoods, and help workers adjust to the world of AI, he said.

“In Singapore’s case, we work very closely and proactively with employers and unions to reskill and upskill workers and facilitate transitions where necessary to new and better jobs,” said Mr Wong.

Citing Singapore’s ports as an example, he noted that automation has enabled crane operators to control cranes remotely from air-conditioned rooms, instead of working in harsh outdoor conditions. “They get higher productivity and better pay,” he said.

Mr Wong added that there are many other industries where similar challenges will have to be tackled, and countries can all learn from one another.

Mr Wong commended India, Brazil and South Africa for leading G20 efforts to examine how governments can promote decent work through AI, calling it “key to a fair and just future for all”.

AN IMPORTANT ROLE FOR G20

In his speech, Mr Wong said that the G20 can play an important role in coordinating efforts to turn AI into “an engine for global growth and for good jobs for our people”, adding that Singapore looks forward to working closely with the bloc to achieve this goal.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Celebrity Investments in Energy 2026 Trends

March 5, 2026 Investments

What Are SAFE Investments? (Simple Agreement for Future Equity)

March 4, 2026 Investments

Iran Gift Card Business and Investment Report 2026: A $1.55 Billion Market by 2030 Featuring Digikala, Hyperstar, Refah, Shahrvand, Ofogh Koorosh, OKala, Snapp Market, ETKA, Canbo, Digistyle – Yahoo Finance UK

March 3, 2026 Investments

Ireland Gift Card Business and Investment Report 2026: A $1.17 Billion Market by 2030 Featuring SuperValu, Dunnes, Tesco, Aldi, Lidl, SPAR, Primark, Eason, Life Style Sports, Brown Thomas – Yahoo Finance UK

March 3, 2026 Investments

Italy Gift Card Business and Investment Report 2026: A $10.98 Billion Market by 2030 Featuring Selex, Conad, Crai, Gruppo Vege, Esselunga, Unicoop Etruria, Eurospin, ICG Real Estate, Ipercoop, Despar – Yahoo Finance UK

March 3, 2026 Investments

Invest as a lump-sum or in stages? What the numbers say

March 2, 2026 Investments
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Crypto billionaire Christopher Harborne no longer interested in Reform-Tory pact | Politics

March 6, 2026 Cryptocurrency 3 Mins Read

Christopher Harborne, the ultra-wealthy political donor who has given £12m to Reform UK, has told…

Crypto billionaire Christopher Harborne ‘no longer’ interested in Reform-Tory election pact | Politics

March 6, 2026

OKX Unveils Orbit: A New Era of Social-Driven Cryptocurrency Trading

March 6, 2026

Leading Finance Podcasts for Beginners in the UK (2026 Guide)

March 6, 2026
Our Picks

Crypto billionaire Christopher Harborne no longer interested in Reform-Tory pact | Politics

March 6, 2026

Crypto billionaire Christopher Harborne ‘no longer’ interested in Reform-Tory election pact | Politics

March 6, 2026

OKX Unveils Orbit: A New Era of Social-Driven Cryptocurrency Trading

March 6, 2026

Leading Finance Podcasts for Beginners in the UK (2026 Guide)

March 6, 2026
Our Picks

Why Cryptocurrency OKB Skyrocketed More than 18% Higher Today

March 5, 2026

Got $1,000? This Cryptocurrency Is a No-Brainer Buy for Long-Term Holding

March 5, 2026

The AI maturity model for audit and finance: Your step-by-step path to meaningful AI adoption

March 5, 2026
Latest updates

Crypto billionaire Christopher Harborne no longer interested in Reform-Tory pact | Politics

March 6, 2026

Crypto billionaire Christopher Harborne ‘no longer’ interested in Reform-Tory election pact | Politics

March 6, 2026

OKX Unveils Orbit: A New Era of Social-Driven Cryptocurrency Trading

March 6, 2026
Weekly Updates

Art Auction And Gala Dinner Returns

January 15, 2026

Art Gallery to Unveil “DOGTOWN: The Pups of Venice Beach and Their Humans”

August 8, 2024

The art of the trade: how to profit in a changing investment market

May 11, 2020
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2026 Finance Pro

Type above and press Enter to search. Press Esc to cancel.