Wages in Singapore at 7yr high

ChannelNewsAsia reports that total wages - basic wages plus bonuses - of private sector employees rose by a seven-year high of 5.9 per cent in 2007, higher than the increase of 4.5 per cent the year before.

MOM's report can be found at this link. The 210-page Report provides information on salaries of over 300 occupations as well as wage changes and bonuses paid in various industries. It also includes information on the extent to which employers have restructured their wage systems.

Image source ChannelNewsAsia.
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