Minimum wage levels not feasible, government says
Singapore - The Singapore government recently shot down calls for a
minimum wage policy, citing Hong Kong and Taiwan as countries that were
beset with problems after implementing minimum wage policies.
During recent Parliamentary debates, Manpower Minister Gan Kim Yeong
reiterated that minimum wage would not work in Singapore. In Hong Kong,
he said, an estimated 100,000 low-wage workers are likely to lose their
jobs after the minimum wage policy was implemented. This impact is
likely to be worsened during an economic crisis as bosses would be more
inclined retrench them as companies are unable to adjust their salaries,
Instead, Gan said the best solution would be the current Workfare policy
as it helps low-income workers earn a higher income, while ensuring
their job safety as this cost is borne by the government.