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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?

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Manage episode 485418174 series 2467889
Content provided by SPH Radio and MONEY FM 89.3. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SPH Radio and MONEY FM 89.3 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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.

  continue reading

4603 episodes

Artwork
iconShare
 
Manage episode 485418174 series 2467889
Content provided by SPH Radio and MONEY FM 89.3. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SPH Radio and MONEY FM 89.3 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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.

  continue reading

4603 episodes

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