Prof Lim Chong Yah repeats call for 'shock therapy'
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Buy SPH photosVeteran economist Lim Chong Yah has renewed his call for economic "shock therapy" to raise wages at the bottom and reduce income inequality.
At the Singapore Economic Policy Forum on Thursday, the former National Wages Council (NWC) chairman praised the council's recommendation this year to raise wages by at least $50 for those earning below $1,000 a month.
Prof Lim thought more could still be done.
He repeated his call, that made waves when he put it forward in April, for a three-year wage freeze for top earners.
