NTUC chief opposes minimum wage
Dear Straits Times, I refer to the 13 Jan 2011 report on Mr Lim Swee Say's arguments against the minimum wage. Mr Lim says that a person earning $800 per month is more likely to lose his job if the minimum wage is set at $1200 when the employer can only pay $1,000. This is not necessarily true. For service sector jobs like waiters,...
Minimum wage, maximum attention
Dear Straits Times, I refer to the 13 Jan 2011 report on the parliament debate on the minimum wage. It was reported that almost all who spoke argued that the minimum wage would diminish the economy's competitiveness and lead to unemployment for workers. That is not necessarily true. Wage related competitiveness applies to export...
Buoyant property prices a sign of rising wealth
Dear Straits Times, I refer to the letter by Mr Benjamin Ching dated 20 Dec 2010. Mr Ching claims that the spike in housing prices is due to the government's quick pace at getting us out of the financial crisis. He is wrong. Housing prices started to spike at the beginning of 2007 even before the financial crisis hit us. It...
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