Govt transfers, taxes keep income gap at bay
SINGAPORE'S income inequality changed little in 2017 from 2016, as government transfers and taxes narrowed the gap between the rich and poor, according to a Department of Statistics (DOS) report released on Thursday.
The lower half of households in Singapore saw their incomes from work grow last year, but at a slower pace than the other half.
While the labour market improved last year amid an upturn in the local economy, wage growth was muted.
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