The Global Wage Report 2009, a study by the International Labor Organisation, found that among 13 countries surveyed (Singapore, Cyprus, Japan, South Korea, Iceland, Ireland, New Zealand, Canada, Taiwan, Denmark, Spain, UK, and US) Singaporeans worked the most hours. Yet they saw their real wages decline. There is no minimum wage in Singapore.
Prices and Earnings, a 2010 survey conducted by UBS, revealed that Singapore was the 11th most expensive city in the world out of 73. In that same study, it was found that the domestic purchasing power of Singaporeans was ranked at 49th. Full story
