Written Answer by Minister for Manpower Dr Tan See Leng to PQ on Real Wage Growth by Age Band
NOTICE PAPER NO. 1251 OF 2022 FOR SITTING ON 1 AUGUST 2022
QUESTION NO. 1973 FOR WRITTEN ANSWER
NCMP: Ms Hazel Poa
To ask the Minister for Manpower (a) whether the Ministry collects data on real wage growth based on different age groups; and (b) if so, what is the real wage increase for each year from 2000 to 2021 for those aged (i) 29 and below (ii) 30 to 39 (ii) 40 to 49 (iii) 50 to 59 and (iv) 60 and above respectively.
1. The Ministry of Manpower (MOM) publishes the median gross monthly income from work in our annual reports on the Labour Force in Singapore. It is sensible to examine the trend of wage growth over a longer period of time, instead of annually, as the annual numbers are sometimes subjected to wider fluctuations.
2. The real annualised change in median gross monthly income from work (including employer CPF contributions) of full-time employed residents by age is provided in Table 1.
Table 1: Real Annualised Change (%) in Median Gross Monthly Income1 From Work (Including Employer CPF) of Full-Time2 Employed Residents3 by Age
|29 and below
| 30 to 39
| 40 to 49
| 50 to 59
| 60 and above
Source: Comprehensive Labour Force Survey, Manpower Research and Statistics Department, MOM