The Business Times
business-time-50
SUBSCRIBERS

Some business leaders want a minimum wage to go with progressive wage model

google-preferred-sourceAdd BT as a preferred source
Tay Peck Gek

Tay Peck Gek

Published Sun, Aug 15, 2021 · 09:50 PM

    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.

    Wages

    TRENDING NOW

    The price paid for the Shi family’s latest bungalow purchase in Cluny Hill works out to S$2,295 psf on a land area of 37,036 sq ft.

    Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million

    EAs are expected to be among the workers hardest hit by the adoption of AI, according to a World Economic Forum report.

    Executive assistants making US$100,000 a year are losing jobs to AI

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Always one to walk the talk, DBS CEO Tan Su Shan has her personal AI agent that checks and serves up to her the latest news on banking.

    ‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More