As we move from the industrial age to the information age, companies worldwide have been pushing for digital transformation. There are many schemes administered by the Singapore Government to encourage businesses to upgrade their wares and to adopt new technology. Many grants fall under the ambit of the Productivity & Innovation Credit (PIC) scheme.
There are also other initiatives such as Work-Life Grant (WLG) to encourage companies to implement flexible work hours for their employees. All these were introduced to help businesses remain competitive in this digital era and to create better working environments.
These initiatives are good. But the truth is, they are often unable to effect permanent large-scale changes that actually lead to a huge increase in our GDP or to individual well-being.
While some berate the government for not doing more, I believe it is not the fault of the government. Human behaviour is extremely hard to...