05-22 NTUC calls for income gap reduction in S’pore

NTUC calls for incomegap reduction in S’pore The National Trades Union Congress (NTUC) in its May Day Rally message emphasized that as the cost of living increases, it is imperative to speed up real wage increase and slow down the widening of income gap in... More

NTUC calls for incomegap reduction in S’pore The National Trades Union Congress (NTUC) in its May Day Rally message emphasized that as the cost of living increases, it is imperative to speed up real wage increase and slow down the widening of income gap in Singapore. This comes on the back of a three-year wage restructuring proposal put forward by Lim Chong Yah, former Chief of the National Wages Council. Aimed at tackling income inequality and working towards higher productivity in Singapore, Lim had proposed a 50% pay hike over three years for those earning less than S$1,500 month while those drawing S$15,000 or more would see their wages frozen for three years. Meanwhile, Lim Swee Say, Secretary General of NTUC, added,” As we slow down the increase of global manpower in our workforce, we must make better use of every worker at all levels, including our lower wage workers. Our workplace must be more age-friendly for mature workers to continue working in a fair and meaningful way; Less