THE TEMASEK TIMES

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Wages of Singaporeans have increased by only 0.9 percent last year

Posted by temasektimes on June 30, 2012

The wages of Singaporeans have increased last year in spite of a slower economic growth, according to ‘Report on Wages in Singapore 2011’ released by the Manpower Ministry on Friday.

Salaries in the private sector rose by 6.1 per cent compared to a 5.7 per cent growth in 2010 which is attributed to a tight labor market.

However, after factoring inflation, the increase works out to be 0.9 per cent, lower than 2010’s gain of 2.9 per cent.  Singapore’s inflation rate does not include housing.

The top earners were manager with an average gross median wage of S$6,630 monthly followed by financial and professional services and technicians.

At the other end of the spectrum were food and beverage industries, as well as employees working in accommodation. Cleaners and labourers took home an average of $1,020 a month.

2 Responses to “Wages of Singaporeans have increased by only 0.9 percent last year”

  1. jack said

    The group that has the real increment if probably the people who just joined the workforce, what happen to the older workers? Welcome to the inclusive society

  2. spotlessleopard said

    You die tha is your Problem…..only way is to vote the PAP out in GE2016

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