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CHALLENGES: Boosting the Singaporean core
Challenges of the Singapore worker: Higher wages, but better off?
Rising incomes for workers may not mean higher living standards as expectations and cohort profiles change, amid obstacles in Singapore’s bid to raise labour productivity
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In a world of low-wage pressure, Singapore workers have been fortunate to have their pay keep on rising. Just look at the figures.
Over the past two decades, nominal median wages for Singapore residents - citizens and permanent residents (PRs) - have outpaced general cost of living pressures.
