While people will have to increase their adaptability to work in a fast-changing high-tech environment, policy makers will also need to play their part, Lee said. The government needs to provide support to enable workers to move from one sector of the economy to another in search of employment and find ways to increase the activity of women in the economy, he added. The minister’s remarks underline the determination of President Moon Jae-in’s government to press ahead with a growth strategy built around tech even if it risks alienating the country’s unions — an important base of support for the ruling camp — in the short term. “New jobs will be created as technology advances,” Lee said. “What’s important in policy is how to support a worker move from a fading sector to an emerging one.” The government is looking to help with this transition by expanding its employment insurance program to 21 million people, or more than 40% of the population, by 2025. “The program is part of a government initiative to provide financial support in the form of insurance for every worker in the country, whether they are artists, freelancers or deliverymen on digital platforms,” adds Bloomberg.
“Separately, the government is providing stipends for young people to encourage them to keep searching for work, as their struggle to stay employed amid slowing economic growth has been made tougher by the pandemic.”
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