The debate on the minimum wage vs the progressive wage model has failed to look at the most important statistic?

I refer to the article “Minimum wage vs Progressive Wage Model: Debate over best way to lift pay of low-wage workers” (Straits Times, Oct 30).

It states that “have called for a minimum wage, but the Government has said its Progressive Wage Model works better

Both sides stand firmly by their arguments on the benefits and shortcomings of adopting a minimum wage. The emotive topic has also divided opinion.”

Arguably, the heated debate so far has not touched on what in my view, is the most important statistic to demolish the proponents of the PWM.

According to the Yearbook of Manpower Statistics 2017 – there were 157,500 employed residents with gross monthly income (including employee CPF contribution) less than $1,000.

After deducting the typical 20 per cent employee CPF contribution – does it mean that the take-home disposable income is less than $800?

There were 587,200 employed residents with gross monthly income (including employee CPF contribution) less than $2,000.

After deducting the typical 20 per cent employee CPF contribution – does it mean that the take-home disposable income may be less than $1,600?

886,300 or about 39 per cent of the total resident labour force (886,300 divided by 2,269,700( total)), or about 4 in 10 resident workers, had a gross monthly income less than $2,500 (only about $2,000 less 20% employee CPF) including employee CPF contribution (791,900 workers), or were unemployed (94,400 non-seasonally adjusted) in June 2017.

 

Leong Sze Hian

 

 

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5 Responses to “The debate on the minimum wage vs the progressive wage model has failed to look at the most important statistic?”

  • LIONS:

    PEOPLE WHO PRETEND TO WORK ARE PAID FOR SHAKING LEGS N BALLS;folks who labour hard are paid peanuts???

    is this what they call MERITOCRACY?
    the more you idle and screw up,the more you are paid n the higher you get promoted…becos you are damn good at bootlicking n echo-sounding!

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  • HarderTruths:

    Instead of getting rid of the problem – the very low salaries by bringing in FT – the introduction of minimum wage will not solve the problem of lower and lower salaries cased by excess supply and limited demand.

    it will raise evryone’s salary – but no guarantee $G will be employed in-lieu of FT. FT works harder and longer – so the cost for the employer will be lower than local – who will knock off to see his family and will not work weekends etc. FT will still win.

    Minimum wage does not address the problem of oversupply.

    $G local is f^^ked no matter what.

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  • Always Remember:

    Meritocracy should only be about reward – you are good, you can gold-plate your toilet seat and go about with your elite uncaring face.

    Meritocracy should never be about punishment – you failed PSLE, you deserve to eat shit and “Get Out of My Elite Uncaring Face”.

    Call it whatever, “Minimum wage” or “Progressive Wage”, is all about a decent living wage.

    A wage that Singaporean can live in Singapore as you would wish for your own grandchildren as a minimum – be it hawker centre, food court or restaurant, and not having to choose between death and seeking medical treatment.

    Otherwise, private companies take the profit, society bears the cost.

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  • wake up or die poor!:

    With you, for you, for Singapore
    A BIG JOKE – but we aren’t laughing, only the elites are laughing!

    Ex-GIC chief economist calls Govt’s basic income policy “pathetic”; says increasing funding to help the poor will not require tax hike

    http://theindependent.sg/ex-gic-chief-economist-calls-govts-basic-income-policy-pathetic-says-increasing-funding-to-help-the-poor-will-not-require-tax-hike/

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  • Malaysia boleh Singapore bodoh:

    Having a minimum wage would require determining the minimum cost of living in Singapore. PAP is likely against this because it would show that most Singaporeans are UNDEREMPLOYED. Prices have risen sharply since LHL became PM (making Singapore one of the most expensive places to live in) while wages were stagnant.

    To get a minimum wage in Singapore would require REGIME CHANGE. Go for it. VTO. Just do it!

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