Low income households see real income grew by 40% through Workfare Income Supplement

Workfare Income Supplement benefits consumers through lowering of costs

Workfare Income Supplement or WIS costs the government $850 million a year and benefits almost half a million workers. It was introduced in 2007 to boost income and retirement savings. As PM Lee said, WIS is effectively a negative income tax with the government topping up incomes rather than taxing the incomes. In two years’ […]

Netizens are confused and think that LQS is minimum wage

During the recent National Day Rally (NDR) announcement, Prime Minister Lee Hsien Loong announced that companies MUST pay a Local Qualifying Salary (LQS) of $1400 to ALL its local employees if they wish to hire foreign employees. Many Singaporeans are confused by this announcement and what the LQS is, mistakenly thinking that PAP has finally […]