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Coffeeshop Chit Chat - Election-remember lim sia suay said dis</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>busno64 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>9:47 pm </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 2) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>46208.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt><TABLE border=0 cellSpacing=0 cellPadding=0 width=560><TBODY><TR><TD vAlign=top width=550 colSpan=2>Pushing up wages to offset inflation risky move, warns NTUC chief </TD></TR><TR></TR><TR><TD vAlign=top width=550 colSpan=2 align=left><TABLE><TBODY><TR><TD><TABLE><TBODY><TR><TD>
</TD></TR><TR><TD class=content_subtitle align=left>Thu, Jul 31, 2008
The Straits Times </TD></TR></TBODY></TABLE></TD><TD width=400 align=right><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR><TD vAlign=top align=right>
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</TD><TD vAlign=top align=right></TD></TR></TBODY></TABLE></TD><TD></TD></TR></TBODY></TABLE></TD></TR><TR><TD class=bodytext colSpan=3>By Lee Siew Hua
PUSHING wages up to fully offset inflation is a risky move, as workers will end up paying ever-higher prices.
Labour chief Lim Swee Say highlighted this vicious circle on Thursday in a message for National Day, calling on workers to moderate wage expectations.
'Instead of pushing wages up to fully offset inflation, we must continue to link built-in wage increase to productivity gain and help our people through various non-wage measures', he said.
This will prevent a 'price-wage spiral'.
His message came as the second-quarter jobs figures released by the Mnistry of Manpower on Thursday showed job creation moderated to 70,600 from April to June and the unemployment rate creeping up to 2.3 per cent.
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The Straits Times </TD></TR></TBODY></TABLE></TD><TD width=400 align=right><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR><TD vAlign=top align=right>
</TD><TD height=15>
PUSHING wages up to fully offset inflation is a risky move, as workers will end up paying ever-higher prices.
Labour chief Lim Swee Say highlighted this vicious circle on Thursday in a message for National Day, calling on workers to moderate wage expectations.
'Instead of pushing wages up to fully offset inflation, we must continue to link built-in wage increase to productivity gain and help our people through various non-wage measures', he said.
This will prevent a 'price-wage spiral'.
His message came as the second-quarter jobs figures released by the Mnistry of Manpower on Thursday showed job creation moderated to 70,600 from April to June and the unemployment rate creeping up to 2.3 per cent.
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