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Expanding the Progressive Wage Model to further narrow income inequality
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This latest move caps a decade-long drive to raise the salaries of lower-wage workers.
ST PHOTO: KUA CHEE SIONG
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SINGAPORE - During the Budget speech on Feb 18, Finance Minister Lawrence Wong announced that the Government will co-fund the wage increases of lower-wage workers for up to five years.
Under the new Progressive Wage Credit Scheme, the Government will foot up to half of the higher wage bill for employers who raise the pay of their lower-wage Singaporean and permanent resident workers.
