Some business leaders want a minimum wage to go with progressive wage model
Singapore
SOME business leaders have expressed support for a minimum wage component to complement the progressive wage model (PWM) as a means to speed up as well as broaden efforts to raise the income of low wage workers.
Dileep Nair, an independent director of diversified business group Thakral Corporation, said that the progressive wage model does set a minimum wage - but only in the sectors of security, landscape and cleaning since its introduction in 2012.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April