8 in 10 lower-wage workers to see income boost
The qualifying age for Workfare will be lowered to 30, from 35 today; annual spending on the scheme to go up to S$1.1b in two years' time, says PM Lee
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RECOMMENDATIONS by a tripartite workgroup to raise wages for eight in 10 lower-wage workers in the next two years could have a ripple effect in increasing the incomes of the remaining workers, said economists.
"The remainder are more likely to receive increased wages through labour market competition, since they will have the option of working in a covered job," said Walter Theseira, an economist at the Singapore University for Social Sciences (SUSS).
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