Wages in Singapore up despite inflation

The manpower ministry's advance 2022 labour force report shows lower-wage workers saw stronger income growth than the median, with real income for a worker in the 20th percentile for income rising 4.8%. — AFP

SINGAPORE: Higher inflation ate into Singaporeans’ take-home pay this year but real median income still grew at 2.1%, an improvement over 2021’s 0.9%.

This year’s growth in real income – after adjusting for inflation – was nonetheless lower than the pre-Covid-19 average of 3.8% for the years 2014 to 2019, when inflation was lower, the Ministry of Manpower (MoM) said yesterday in its advance 2022 labour force report.