You are here

Thoughts turn to the workers in May

Debate still rages on the merits on a minimum wage, which Singapore eschews in favour of Workfare and the Progressive Wage Model, but these aren't perfect either.

BT_20190514_TKMIN_3780299.jpg
One argument against minimum wage is that it causes unemployment or under-employment, but there is no empirical argument to support this.

THE first of May is celebrated in most countries in the world as International Workers' Day or, simply, May Day. On this national public holiday to honour the workers of the world, I felt inspired to study and recap the history of the minimum wage. My purpose is to give an objective account of...

sentifi.com

Market voices on: