15 Apr '12, 8am

Softly, softly, will not narrow income gap

Softly, softly, will not narrow income gap

The debate that Lim Chong Yah kicked off is a welcome one. He has argued that if Singaporeis ever to make progress on narrowing the income gap, it is going to require strong affirmative action by the state. He has proposed double-digit increases for the bottom wage earners over a few years coupled with a moratorium on salary increases for top earners. Predictably, the government has megaphoned its opposition. It will be economic suicide, it says, touting its own plan for improving productivity through financial incentives while gently tightening up on the import of foreign labour instead. Look away from the specifics and you’ll see a fundamental issue being debated. Look harder and you will see another fundamental issue NOT debated. Let me begin by dealing with the first. Ultimately, Lim Chong Yah’s proposal rests on a belief that unless there is sufficient pain, productiv...

Full article: http://yawningbread.wordpress.com/2012/04/15/softly-softl...

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