Written Reply by Mr Lim Swee Say Minister for Manpower to Parliament Question on Real and Nominal Wage Growth
Notice paper no. 717 of 2017 for the sitting on 8 May 2017
Question no. 538 for oral answer
MP: Mr Chen Show Mao
To ask the Minister for Manpower what was the real and nominal wage growth for Singaporeans in each decile for each of the last 10 years.
Answer
- The Ministry of Manpower monitors the wage outcome of the workforce by tracking income trends at the 20th percentile1 (low-wage workers) and 50th percentile (general workers). The annual change in nominal and real2 gross monthly income (including employer CPF contributions) by the 20th and 50th percentile for Full-Time Employed3 Singaporeans, from 2007 to 2016, is provided in Table 1.
- Table 1: Annual Change (%) in Gross Monthly Income from Work4 (including Employer CPF contributions) of Full-Time Employed Singaporeans, June 2007—2016
|
|
|
|
|
|
|
|
|
|
|
% |
|
|
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
Norminal |
P20 |
6.2 |
7.7 |
4.9 |
2.2 |
7.8 |
1.9 |
9.3 |
3.1 |
5.9 |
2.8 |
|
P50 |
7.0 |
12.2 |
0.0 |
5.1 |
6.3 |
5.8 |
7.1 |
2.5 |
6.5 |
0.7 |
Real |
P20 |
3.9 |
1.1 |
4.2 |
-0.6 |
2.3 |
-2.6 |
6.8 |
2.1 |
6.4 |
3.5 |
|
P50 |
4.7 |
5.3 |
-0.6 |
2.2 |
0.9 |
1.2 |
4.7 |
1.4 |
7.0 |
1.3 |
Source: Comprehensive Labour Force Survey, Manpower Research & Statistics Department, MOM