Introduction
Minimum wage in Singapore is a hot topic of debate in the country. The Singapore government has been actively discussing the issue of minimum wage since the early 2000s. In 2018, the Ministry of Manpower (MOM) announced that the minimum wage in Singapore would be set at S$1,300 per month, or S$7.50 per hour. This is the first time that the Singapore government has set a minimum wage for the country. This move has been welcomed by many workers and labor groups, who have long been advocating for a minimum wage in Singapore. This article will discuss the implications of the minimum wage in Singapore, and how it will affect workers and businesses in the country.
Minimum Wage In Singapore Per Hour In 2018
The minimum wage in Singapore in 2018 is $1,300 per month, or $7.50 per hour.
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Unlike other countries in the world in Singapore, there is no fixed minimum wage law to pay minimum wages to the employees working in Singapore. The amount of salary that an employee will get in Singapore will depend on the skills, qualification, experience, and company in which the employee is working. As we know Singapore is one of the costliest countries in the world, so automatically the cost of living will be high in Singapore. But there is no minimum wage in Singapore per hour.
Minimum Wage In Singapore Per Hour
As we discussed earlier there is no minimum wage law in Singapore for both local workers and outsiders(expats). But the average minimum wage in Singapore is 3100 US Dollars. But in order to live a quality life in Singapore employees need to earn at least 6000 to 7000 US Dollars per month.
| Minimum Wages in Singapore | Not applicable |
| Average minimum wage in Singapore per month | 3100 USD |
| Required Salary to survive in Singapore | 5000 – 6000 USD |
But there is a small exception for minimum wages in Singapore, from January 2014 there is a fixed minimum wage of 729 USD per month for cleaner jobs and from September 2016 there is a fixed minimum wage of 802 USD per month for security guards.
Why There Is No Minimum Wage In Singapore
Since there are no minimum wages in Singapore but still Singapore is one of the richest countries in the world. When there are no minimum wages then it will help startups and other business industries to start more business operations. So it brings more jobs and automatically once they run successfully the employees salary will hike. The wage law of Singapore believes that there is no relation between economy and minimum wage.
Read this article on Singapore economy which will give you a clear idea about the economy of Singapore before opting for a job in Singapore.
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Minimum Wage In Singapore Per Hour In 2018
The minimum wage in Singapore for 2018 is $1,100 per month, or $7.50 per hour. This is the same rate as 2017, and is applicable to all employees who are covered by the Employment Act. The minimum wage is reviewed every year, and the Ministry of Manpower (MOM) has the authority to adjust the rate if necessary.
The minimum wage applies to all employees who are covered by the Employment Act, regardless of their nationality, age, or occupation. This includes domestic workers, cleaners, security guards, and other low-wage workers. It does not apply to self-employed individuals, or those who are not covered by the Employment Act.
The minimum wage is intended to ensure that all employees receive a fair wage for their work. It is also intended to protect vulnerable workers from exploitation. Employers who fail to pay the minimum wage may be subject to fines and other penalties.
The minimum wage is just one of the measures taken by the Singapore government to ensure that all workers are treated fairly and receive a living wage. Other measures include the Progressive Wage Model, which sets out minimum wages for different occupations, and the Tripartite Alliance for Fair and Progressive Employment Practices, which promotes fair employment practices.
