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
Add BT as a preferred source
Singapore
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).
TRENDING NOW
Changes to EV incentives, uncertainty over COE framework drive Category A premium to a new high in ‘re-run of 2025 mania’
Employers want AI-fluent employees. Hiring them is the challenge
What makes a good job? Feeling that you matter
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
