Employers are crying wolf over the minimum wage policy, making dire predictions of a disorderly labor market. http://www.todayonline.com/World/EDC120504-0000033/Warning-against-KLs-minimum-wage-policy
The evidence from many countries with minimum wage policy is that they will be observed and that the income gap will reduce. I expect that this will be the outcome in Malaysia as well. We have to study the outcome in Malaysia. If it is implemented successfully, there will be one less reason for Singapore to reject this policy.
The evidence from many countries with minimum wage policy is that they will be observed and that the income gap will reduce. I expect that this will be the outcome in Malaysia as well. We have to study the outcome in Malaysia. If it is implemented successfully, there will be one less reason for Singapore to reject this policy.
Makes no sense, if other countries could adopt a minimum wage policy, and the economy still chug along, what can't Singapore.
ReplyDeleteBy crying wolf over the thinner margins, businesses here are just being self-centred and greedy. The bosses are afraid they could no longer buy bigger houses and bigger, luxurious cars for themselves.
I recalled the PM promising to "review" this Minimum Wage issue after Malaysia implement it.
ReplyDeleteLet us see if he will at least look into it objectively, soon.