Lee Hsien Loong: Wages in manufacturing sector growing faster than national average

At the Singapore Manufacturers’ Federation’s 80th anniversary dinner on Saturday, Prime Minister Lee Hsien Loong repeated his usual calls for productivity and not forgetting to boast about Singapore’s tripartism calling it “unique”. What Prime Minister Lee doesn’t know, is that tripartism is not a new system coined by the PAP. Tripartism traced its roots back to the rise of fascism in the 1930s, but in Singapore, “forced tripartism” is more appropriate as the PAP government control workers through banning of private unions and the use of Internal Security Act to detain workers on strikes indefinitely.   In his speech to the dinner largely attended by MNCs CEOs and manufacturing business employers, the pro-business Prime Minister painted a picture too rosy for workers in the manufacturing sector:

“He said manufacturing provides good, skilled jobs to Singa­poreans, with average local wages in the sector growing faster than the national average for a number of years.” ~Lee Hsien Loong, ChannelNewsAsia 29 Sep 2012 [Source]

However according to the recent report on wages by the Ministry of Manpower, wages in the manufacturing sector falls under the “Below-Average Total and Basic Wages”:

“All industries gave wage increases to their employees in 2011 (Appendix-Table 1). Financial & insurance services employees had the largest total wage increase (9.1%), while transportation & storage…were also in the lead. In contrast, administrative & support services (total: 3.7%; basic: 3.5%), manufacturing (total: 4.1%; basic: 4.0%), construction (total: 4.2%; basic: 3.9%) and accommodation & food services (total: 4.5%; basic: 3.8%) had among the lowest total and basic wage increases.” ~Report on Wages in Singapore by Ministry of Manpower [Source]

Nevertheless, Singapore could still survive with an incompetent Prime Minister but this also reflect how badly the brain drain in the ruling PAP has turned out with a leader shooting his mouth off in the presence of rich foreign investors.

Advertisements

What do you think?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s