Wage growth

The pandemic has, without question, brought about a sea change, in terms of people’s behaviours and, notably, policies.

SINGAPORE (Oct 30): Singapore’s economic growth will remain uneven through the end of the year, with weakness concentrated in trade and manufacturing, before halting its downtrend in 2020, the central bank said.

SINGAPORE (Sept 25): The global labour market is coming under increasing pressure even with expectations of economic growth to maintain its momentum over the next 12 months, finds the latest and seventh edition of the Hays Global Skills Index.

SINGAPORE (Mar 5): Singaporean employees are Asia’s least optimistic about a wage growth this year, according to Randstad Workmonitor’s survey results for 4Q17.  

SINGAPORE (May 31): Wages in Singapore grew last year at the slowest pace since the 2009 global financial crisis, reflecting a weak labor market and sliding profits in the city state. Including employers’ pension contributions,workers’ total pay rose

(Oct 20): The US economy maintained a steady growth pace between late August and early October, as a tight labour market with nascent wage pressures contributed to a “mostly positive” outlook, a report from the 12 Federal Reserve districts showed.