Why This Value Investor Is Thrilled By Higher Rates
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Wall Street scion Christopher Davis hung tough for 14 years as risk-free
borrowing pinched value stocks. Now that money costs money again, he’s
taking adva...
1 hour ago
Can low income group tahan long enough to avoid getting the reset pay when tio retrenched?
ReplyDeleteYou is F&B boss
ReplyDeletePWM is Singapore's version of Minimum Wage ... of course govt don't want to admit.
ReplyDeleteCurrently for cleaning, security & landscaping industries.
Basically MOM stipulates mandatory minimum salaries for certain industries based on designation & type of workers. Designation or "skills" of workers to be certified by passing certain certificate courses by stat boards & agencies.
Every 1 or 2 years, MOM will review the PWM salaries and increase them --- hence the workers in these industries depend on govt for their salary increments!
For many many years since SARS, cleaners & security guards salaries also kena reset (or reduced) everytime change of main contractor or supplier every 1 or 2 years.
The main con need to keep bidding lower prices to win the contract, and then they "pass on" the reduced bid to workers' salaries.
I used to work in a GLC in the mid-2000s where the outsourced cleaners salary dropped from $800 to $600 over 4 years.
Now govt make it compulsory to follow the PWM salaries for cleaners, security guards & gardeners, grass cutters.