Singapore’s real wages rose by 3.2% in 2024, marking a rebound from the modest 0.4% growth the year before as nominal wage increases outpaced easing inflation.

Yet, concerns are emerging over the sustainability of this trend. Despite stronger-than-expected GDP growth in early 2024 and signs of easing in US-China trade tensions, MOM expects wage growth to moderate in 2025.

What explains the cautious outlook amid improving economic indicators? Why are certain sectors seeing stronger wage and profit growth than others? And how might global and domestic forces shape the future of wages in Singapore?

On The Big Story, Hongbin Jeong speaks with Aurobindo Ghosh, Assistant Professor of Finance (Education) Lee Kong Chian School of Business, Singapore Management University to find out more. 

 

Singapore&rsquo;s real wages rose by 3.2% in 2024, marking a rebound from the modest 0.4% growth the year before&nbsp;as nominal wage increases outpaced easing inflation.
Yet, concerns are emerging over the sustainability of this trend. Despite stronger-than-expected GDP growth in early 2024 and signs of easing in US-China trade tensions, MOM expects wage growth to moderate in 2025.
What explains the cautious outlook amid improving economic indicators? Why are certain sectors seeing stronger wage and profit growth than others? And how might global and domestic forces shape the future of wages in Singapore?
On The Big Story, Hongbin Jeong speaks with Aurobindo Ghosh, Assistant Professor of Finance (Education) Lee Kong Chian School of Business, Singapore Management University to find out more.&nbsp;
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Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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