You can have too much of a good thing. Somebody should mention this to Mr Sajid Javid, Britain's new Chancellor of the Exchequer. Last week, he announced an increase in the minimum wage to two-thirds of the median wage, bringing it to around £10.50 (S$17.70) an hour.
His plans are to come to fruition in 2024, assuming there are no unforeseen events in British politics in the interim.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you