“Raising wages to address the issue of rising costs may be an enticing option but that is not the right solution, said Acting Manpower Minister Gan Kim Yong.
He said adjusting wages upwards to meet rising prices would only result in a “price-wage spiral” and Singaporeans should look at the bigger picture. ”
Who are the jokers that are running the country? First they tell us that inflation is not controllable as it is affected by raising costs in other countries. Now they are telling us that we cannot increase wage to reduce the impact of the raising costs. I think I vaguely remember some group of elites just raised their wages by more than 50%…..no ?