Economic growth and inequality in Singapore: The case for a minimum wage | Zendy

Hui Weng Tat | Zendy

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Economic growth and inequality in Singapore: The case for a minimum wage

Author(s) -

Hui Weng Tat

Publication year - 2013

Publication title -

international labour review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.433

H-Index - 46

eISSN - 1564-913X

pISSN - 0020-7780

DOI - 10.1111/j.1564-913x.2013.00171.x

Subject(s) - minimum wage , economics , order (exchange) , context (archaeology) , inequality , wage inequality , labour economics , low wage , work (physics) , wage , population ageing , sustainable growth rate , population , sociology , engineering , mechanical engineering , paleontology , mathematical analysis , demography , mathematics , finance , biology

. In the context of Singapore's ageing population, the employment of large numbers of low‐skilled foreign workers is proving to be a major challenge to inclusive growth because of the stagnation of low‐wage workers' incomes. In order to address this problem, the author makes the case for introducing a minimum wage to complement existing in‐work benefit schemes. After addressing the commonly voiced objections to a minimum wage system, he suggests ways in which a minimum wage could be implemented in Singapore. New measures to enhance the social safety net and foster more sustainable economic growth are also proposed.

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