Real income – income of individuals after adjusting for inflation – is expected to drop by 2.7 per cent due to a small 1.5 per cent increase in total wages compared to an expected increase of 4.2 per cent in the consumer price index, according to a wage and business prospects survey by the Singapore Human Resources Institute (SHRI) and wage consulting firm Remuneration Data Specialists (RDS). Full story
Singapore workers' real income expected to drop this year: survey
Real income – income of individuals after adjusting for inflation – is expected to drop by 2.7 per cent due to a small 1.5 per cent increase in total wages compared to an expected increase of 4.2 per cent in the consumer price index, according to a wage and business prospects survey by the Singapore Human Resources Institute (SHRI) and wage consulting firm Remuneration Data Specialists (RDS). Full story
