This book serves as a textbook on labour economics and public
policy in labour markets.It also shows how Singapore has been
successful in establishing a world class labour market. One
attribute of such a labour market is the high purchasing power of
wages for the average worker for essentials such as housing,
healthcare, quality education for children and retirement
consumption, which motivates Singaporeans to work hard. The second
attribute is a macro-focused labour union that works closely with
the government, and is able to prevent excessive wage increase.
General
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