Budget 2025 takes positive steps to support workers, especially low-income earners, through wage subsidies. The enhanced PWCS helps companies raise salaries with government co-funding, but its impact on my own salary remains uncertain. Wage growth still depends on my company’s performance & industry trends.
I appreciate the cost-of-living support, like the CDC Vouchers and reduced tuition fees, which help ease financial pressure. Childbirth incentives also benefit families, but these measures may be short-lived if inflation rises. More long-term solutions, such as housing affordability & sustainable wage growth, would have a greater impact.
Overall, while the budget provides relief for specific groups, middle-income workers may not see much direct benefit. Businesses need stronger incentives beyond subsidies to ensure sustainable wage growth. Its success will depend on how well these policies are implemented.
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Comments
The Budget 2025 includes several measures to support workers, particularly low-income earners. The enhanced Progressive Wage Model (PWM) and government co-funding through the Jobs Support Scheme (JSS) can potentially raise salaries for workers. However, the impact on individual salaries depends on the performance of their respective companies and industry trends. It is important to note that wage growth is not guaranteed and can vary.
The budget also provides cost-of-living support, such as the CDC Vouchers and reduced tuition fees, which can help alleviate financial pressures. Additionally, the childbirth incentives benefit families. However, it is important to consider the potential impact of rising inflation on the sustainability of these measures.
While the budget addresses certain immediate needs, there is a need for more long-term solutions, such as housing affordability and sustainable wage growth, to have a greater impact. Middle-income workers may not directly benefit significantly from the budget, and it is essential to have stronger incentives for businesses to ensure sustainable wage growth beyond subsidies.
The success of the budget will rely on the effective implementation of these policies and continuous evaluation to ensure they meet the intended objectives.