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ST: The Big Story, 29 July - With the current inflation rate, rise in wages are unavoidable
In an exclusive interview with The Big Story’s Multimedia journalist Hairianto Dirman, Manpower Minister Tan See Leng said higher wages are inevitable amid surging inflation, and companies here need to find ways of competing other than on low labour costs. Meanwhile, Singapore’s job market continued its recovery in the second quarter of this year but global headwinds, such as rising inflation, the Russian-Ukraine conflict and a resurgence of Covid-19 infections in major economies including China, may dampen labour demand. According to advance estimates released by the Ministry of Manpower…
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