Last year's strong economic performance and tight labor market boosted Singapore's total wages up by a seven-year high of 5.9 percent, higher than the increase of 4.5 percent the year before, a government survey said on Monday.
Although inflation was higher in 2007, resulting in a lower increase of real basic wage, the real total wage increase of 3.8 percent last year was still higher than the 3.5 percent in 2006, according to Report on Wages in Singapore 2007 by the Manpower Ministry.
Singapore's economy grew by 7.7 percent in 2007 after a stronger growth of 8.2 percent in 2006.
However, labor productivity growth contracted by 0.9 percent in2007 after a growth of 1.5 percent in 2006, partly due to record employment gains last year, said the report.
The report also showed that managers received the highest median gross monthly wages at 6,101 Singapore dollars (about 4,486U.S. dollars) in June 2007, followed by professionals at 4,030 Singapore dollars.
The third highest paid were associate professionals and technicians at 2,789 Singapore dollars.
Clerical and sales and service workers received wages nearly 2,000 Singapore dollars, while the lowest paid were the cleaners, laborers and related workers who earned a median gross wages at 968 Singapore dollars.
Source:Xinhua
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