SINGAPORE - Responding to concerns that his "shock therapy" solution to plug the income gap would risk jobs as pay hikes outstrip productivity gains, Professor Lim Chong Yah has a simple riposte - Singapore's lowest-paid workers have been so "grossly underpaid", they should indeed be paid according to their productivity contributions.
The economist's recent suggestion to raise the wages of those earning below $1,500 by 50 per cent over three years - while applauded by individuals - has been met with grave reservations from other quarters, including from ministers such as labour chief Lim Swee Say. Full story
