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political auction minimum wage

Minimum wage risks becoming a political auction as parties try to outdo each other to be popular.

PWM does not share this risk as the sectoral minimum wage is negotiated by a tripartite group.

Minimum wage risks becoming a political auction as parties try to outdo each other to be popular. PWM does not share this risk as the sectoral minimum wage is negotiated by a tripartite group.



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TFP minimum wage

Minimum wages do not help to increase productivity.

It is better to see the PWM as the govt straddling the middle ground between recognising that low-wage workers do have genuine problems amidst rising costs of living, and recognising that we shouldn’t take our eye off the problems of sluggish productivity growth.

Minimum wages do not help to increase productivity. It is better to see the PWM as the govt straddling the middle ground between recognising that low-wage workers do have genuine problems amidst rising costs of living, and recognising that we shouldn’t take our eye off the problems of sluggish productivity growth.



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