tag:blogger.com,1999:blog-11702093.post7313296338957143148..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: How to determine a fair wage?Tan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11702093.post-3953496164046856552014-06-01T00:28:24.512+08:002014-06-01T00:28:24.512+08:00Dear Mr Tan,
On the surface, SG is following “c) ...Dear Mr Tan,<br /><br />On the surface, SG is following “c) By leaving to market forces.” In practice, market forces have been curtailed by the government through the wholesale import of low wage workers to increase the supply of labour. Otherwise salaries of the workforce would have been much higher due to the limited population size and workers would most likely have achieved the promised “Swiss standard of living,” not just the elite. Also pro business policies and neutered unions do not help market forces to come into effective play.Tan Choon Honghttps://www.blogger.com/profile/16351380831337993635noreply@blogger.com