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Friday, May 4, 2012

Crying wolf over minimum wage policy

Employers are crying wolf over the minimum wage policy, making dire predictions of a disorderly labor market. http://www.todayonline.com/World/EDC120504-0000033/Warning-against-KLs-minimum-wage-policy

The evidence from many countries with minimum wage policy is that they will be observed and that the income gap will reduce. I expect that this will be the outcome in Malaysia as well. We have to study the outcome in Malaysia. If it is implemented successfully, there will be one less reason for Singapore to reject this policy.

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