Higher S Pass salary alone won't help local workers: economists
Low productivity gains stand in way of higher salaries; firms may also opt to automate
Singapore
RAISING the minimum salary for S Pass holders is unlikely to benefit local workers, unless more action is taken, economists have told The Business Times.
Still, watchers welcomed the proposal as a necessary step to wean Singapore employers off lower-cost foreign labour, in the shift towards a higher-skilled economy.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Malaysia’s 8th richest man Jeffrey Cheah wants Sunway business to last 10 generations
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
Inside Indonesia’s trial of Gojek co-founder: How a Google laptop deal became a multitrillion-rupiah case
Middle East-linked energy supply shocks put Asean Power Grid back in focus