National Wages Council seeks public feedback on wages, employment issues

The National Wages Council (NWC) is seeking public feedback and suggestions for its upcoming guidelines for wages and employment-related issues. The tripartite body will convene on Sep 1 to develop its annual guidelines. In its deliberation, the NWC weighs factors such as Singapore's competitiveness, labour market conditions and the broader economic global outlook. Song Seng Wun, Economic Advisor at financial services consultancy CGS International Securities Singapore, analyses the possible issues that would influence the eventual wage recommendations by the NWC.