I read the Straits Times reports “Household income up, with biggest rise for poorer families“, “Policy changes ‘helped boost wages at bottom’“, “Face up to slower growth and productivity push: Lim Swee Say“, “Better quality jobs in future amid slower growth: Lim Swee Say” (27 February 2016) with interest.
In short, households with at least 1 working adult saw their household income increase in 2014. The bottom 10% households saw the largest increase with 10.7%; bottom 20th percentile was 8.3%; bottom 30th percentile was 7.2%. This was attributable to the Government’s redistributive policies including the Workfare Income Supplement (WIS). The other reason attributable is the tightening of foreign labour. This increased wages especially at the bottom percentile income-earners.
Continue reading “Household Incomes and the Future of Jobs in Singapore”