Wage growth for workers in Singapore slowed down in 2025 and is projected to remain moderate through 2026, according to the Ministry of Manpower (MOM). The moderation in wage increases reflects changing economic conditions and labor market dynamics. While wage growth has eased compared to previous years, it remains supportive of purchasing power as inflation pressures stabilize. Looking ahead, MOM expects wage growth to remain sustainable and aligned with productivity growth in the coming year.
- Singapore workers experienced a slowdown in wage growth during 2025.
- The Ministry of Manpower (MOM) projects that wage growth will continue to stay moderate in 2026.
- The slowdown reflects a stabilization of labor market conditions and easing inflationary pressures.
- MOM emphasizes the importance of aligning future wage growth with productivity gains to maintain economic competitiveness.
Based in Singapore, CNA (Channel News Asia) covers global developments with an Asian perspective, with correspondents based in major cities across Asia, including Kuala Lumpur, Jakarta, Bangkok, Tokyo, Seoul and Beijing, as well as in New York, Washington D.C. and London.
Official website: https://www.channelnewsasia.com/
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