30 May '11, 8pm

Reviving the Minimum Wage Debate (Part 2): Gordon Lee/ In Part 2, we study costs of production, inflation, produ...

Reviving the Minimum Wage Debate (Part 2): Gordon Lee/ In Part 2, we study costs of production, inflation, produ...

2. It is said that inflation erodes savings, but it is because of this effect that consumer spending is encouraged (which has a stimulating effect on economic growth). 3. It is said that inflation reduces competitiveness by making domestic products more expensive to export, but changes in exchange rates reflect changes in prices – with the end result being that inflation has little, if any, effect on the real price of exports (which is what customers overseas are concerned with). 4. It is said that inflation penalises the poor more than the rich. Whilst that is generally true, in this case, we are talking about a wage increase for low wage earners because of a minimum wage. In other words, building on our examples, even though prices of goods may increase (through inflation) by, say. 2% for everyone, a minimum wage would increase hourly wages by 20% for low wage earners.

Full article: http://theonlinecitizen.com/2011/05/reviving-the-minimum-...

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Reviving The Minimum Wage Debate (Part 4): The Online Citizen

Reviving The Minimum Wage Debate (Part 4): The ...

theonlinecitizen.com 08 Jun '11, 1pm

Thus far, those supporting the implementation of a minimum wage tend to emphasise its social benefits, but neglect the eco...

Huge wage growth this year?

channelnewsasia.com 04 Jun '11, 9am

SINGAPORE: Observers said there was a "gulf of discrepancy" last year, between Singapore's economic growth and workers' sa...

CPF Minimum Sum to be revised upwards to $131,0...

straitstimes.com 31 May '11, 4am

The CPF Minimum Sum will be raised to $131,000 from July 1. -- ST PHOTO: MALCOLM MCLEOD FROM July 1, the CPF Minimum Sum (...

CPF Minimum Sum to be revised upwards to $131k

straitstimes.com 31 May '11, 11pm

The CPF Minimum Sum will be raised to $131,000 from July 1. -- ST PHOTO: MALCOLM MCLEOD FROM July 1, the CPF Minimum Sum (...