SINGAPORE: In the heart of Lion City’s ongoing economic discourse, a Reddit post has sparked a heated discussion about Singapore’s proposed minimum wage. The post centres around a recent report by the Lee Kuan Yew School of Public Policy recommending a monthly minimum wage of $2,906 for selected job sectors. This proposal has sparked a …
"With a recent report recommending that Singapore sets a minimum wage of $2,906 a month for every single job sector , how would it affect the cost of our goods?" he asked
SINGAPORE: In the heart of Lion City’s ongoing economic discourse, a Reddit post has sparked a heated discussion about Singapore’s proposed minimum wage. The post centres around a recent report by the Lee Kuan Yew School of Public Policy recommending a monthly minimum wage of $2,906 for selected job sectors. This proposal has sparked a range of opinions and concerns.
The Reddit user said: “With a recent report recommending that Singapore sets a minimum wage of $2,906 a month for every single job sector , how would it affect the cost of our goods?” With more questions about S’pore’s proposed minimum wage, he asked: “If the minimum wage is higher than what diploma holders are earning on average, does that incentivise people to cut their educational journey short? Or would it have a positive impact on the wages of diploma and above holders? How would it affect the prices of our basic necessities and food ?”
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