Singapore wage-growth at lowest since 2009 global crisis
SINGAPORE (May 31): Wages in Singapore grew last year at the slowest pace since the 2009 global financial crisis, reflecting a weak labor market and sliding profits in the city state. Including employers’ pension contributions,workers’ total pay rose 3.1% in 2016, down from 4.9% in the previous year, the Ministry of Manpower said in a report. The number of companies that cut total wages increased to 17% from 11% in 2015.
Tags: Wage growth
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