SINGAPOREAN CORE
Higher S Pass salary alone won't help local workers: economists
Low productivity gains stand in way of higher salaries; firms may also opt to automate
Add BT as a preferred source
Singapore
RAISING the minimum salary for S Pass holders is unlikely to benefit local workers, unless more action is taken, economists have told The Business Times.
Still, watchers welcomed the proposal as a necessary step to wean Singapore employers off lower-cost foreign labour, in the shift towards a higher-skilled economy.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS shares rise 1.9% to hit all-time intraday high as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
