This paper has discussed the wage policy of Singapore, the city state which achieved a miraculous growth rate. It has been discussed that as the focus of wage policy was to achieve higher productivity and as the government was more reliant on the market mechanism, the wage gap between rich and poor increased and the income inequality scenario seems to be approaching the Latin-American scenario.
|Number of pages||8|
|Journal||Problems and Perspectives in Management|
|Publication status||Published - 2004|