According to the Straits Times news report “Singapore to see slower wage growth despite tight labour market: MAS” (Apr 28) – “the higher proportion of part-time workers in the resident workforce, (increasing) from 6.8 per cent in 2008 to 10.5 per cent in 2014, has lowered average wage levels and economy-wide wage growth, even though the wages of part-time workers have increased recently.”
Part-time workers’ incomes increased 0.2% p.a.
According to the Ministry of Manpower’s (MOM) Yearbook of Manpower Statistics 2014 – the Median Gross Monthly Income From Work of Part-time Employed Residents excluding employer CPF contribution increased from $600 in 2003 to just $800 in 2013.
This is an increase of only 2.9 per cent per annum in the 10 years.
Since inflation from 2003 to 2013 was about 2.7 per cent – does it mean that the real gross income of part-time workers only increased by a measly 0.2 per cent (2.9 – 2.7%)?
So, the proportion of part-time workers in the resident workforce has been increasing to 10.5 per cent in 2014 – and their real incomes only increased by 0.2 per cent per annum.
Singaporean part-time workers’ incomes increased even less?
Why is there no breakdown of the proportion and incomes of part-time resident workers into Singaporeans and permanent residents (PRs)?
Are the numbers even more dismal for Singaporeans?
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