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The Big Story: Singapore’s real wages rose 3.2% in 2024, highest since Covid-19. But how sustainable is this trend?
Manage episode 485418174 series 2467889
Singapore’s real wages rose by 3.2% in 2024, marking a rebound from the modest 0.4% growth the year before as nominal wage increases outpaced easing inflation.
Yet, concerns are emerging over the sustainability of this trend. Despite stronger-than-expected GDP growth in early 2024 and signs of easing in US-China trade tensions, MOM expects wage growth to moderate in 2025.
What explains the cautious outlook amid improving economic indicators? Why are certain sectors seeing stronger wage and profit growth than others? And how might global and domestic forces shape the future of wages in Singapore?
On The Big Story, Hongbin Jeong speaks with Aurobindo Ghosh, Assistant Professor of Finance (Education) Lee Kong Chian School of Business, Singapore Management University to find out more.
See omnystudio.com/listener for privacy information.
4603 episodes
Manage episode 485418174 series 2467889
Singapore’s real wages rose by 3.2% in 2024, marking a rebound from the modest 0.4% growth the year before as nominal wage increases outpaced easing inflation.
Yet, concerns are emerging over the sustainability of this trend. Despite stronger-than-expected GDP growth in early 2024 and signs of easing in US-China trade tensions, MOM expects wage growth to moderate in 2025.
What explains the cautious outlook amid improving economic indicators? Why are certain sectors seeing stronger wage and profit growth than others? And how might global and domestic forces shape the future of wages in Singapore?
On The Big Story, Hongbin Jeong speaks with Aurobindo Ghosh, Assistant Professor of Finance (Education) Lee Kong Chian School of Business, Singapore Management University to find out more.
See omnystudio.com/listener for privacy information.
4603 episodes
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