Labour Economics And Public Policy: Managing The Labour Markets For Competitiveness

Download or read book Labour Economics And Public Policy: Managing The Labour Markets For Competitiveness written by Soon Beng Chew and published by World Scientific. This book was released on 2017-03-17 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book serves as a textbook on labour economics and public policy in labour markets.It also shows how Singapore has been successful in establishing a world class labour market. One attribute of such a labour market is the high purchasing power of wages for the average worker for essentials such as housing, healthcare, quality education for children and retirement consumption, which motivates Singaporeans to work hard. The second attribute is a macro-focused labour union that works closely with the government, and is able to prevent excessive wage increase.