11 Oct '11, 10pm

Ministry of Manpower: Low-wage earners' pay stagnated over last decade No shit, Sherlocks.

The bottom 20 per cent of working Singaporeans saw their pay stagnate over the last 10 years, according to a report released on Tuesday by the Ministry of Manpower (MOM). Though their nominal income rose to $1,400 in 2010, $200 more than in 2001, real income only rose by 0.3 per cent over the decade. The figures, however, have not included various government transfers and schemes, which further raises overall income received from work by low-wage workers, said the ministry in the report. Real median income for Singaporeans in the middle was found to have grown by 11per cent over the decade, from $2,000 in 2001 to $2,588 in 2010. The report also explored employment rates . It said the employment rate of Singapore citizens aged 25 to 26 rose to 77.0 per cent in 2010, 3.3 per cent higher than in 2001. Unemployment rate fell to pre-recessionary levels from 4.5 per cent in 2009...

Full article: http://sg.news.yahoo.com/mom-report-finds-lower-income-s-...

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