Friday 11 September 2020

Still want a minimum wage of $1300 when you can earn at least $1850?



The Progressive Wage Model for the fourth cluster, the Lift and Escalator cluster, will be phased in in stages.

Here's how it looks like.
Still want a $1300 minimum wage? That's what you will get if it is the legislated national minimum wage.
The Progressive Wage Model is sector-based. The minimum wage in the model is sector specific. This allows the minimum wage to be set differently according to each sector.
The set of skills required in different sectors is different and therefore wages will also be different.
The minimum wage in the PWM is set through consultation and negotiation among tripartite partners, taking into account all needs and sustainability.
Wages are tied to productivity. They are determined by output and decided by employers. A more productive worker will be paid more.
It really does not make sense for a third party - politicians - to decide arbitrarily by themselves, what a suitable wage should be. That's an unbalanced equation.
If you're in the lift and escalator sector, you wouldn't want $1300 when you can earn at least $1850.

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