| Description |
1 online resource (xxxv, 397 pages) : illustrations |
| Contents |
About the Author; Acknowledgements; Preface; CONTENTS; List of Tables; List of Figures; List of Photographs; A Chronicle of Main Events, 1972-2000; Part 1 Lectures and Articles on NWC; Chapter 1 Tripartism in Singapore: The Wage Guideline System Lecture given to Nanyang Technological University (NTU) undergraduates in February 2011; Introduction to NWC; Genesis; Nomenclature; Objectives; Structure; Meaning of neutrality of Chairman; Place of meeting; NWC secretariat; Decision Making Mechanism; Consultative process; Position papers; Unanimity principle; Chatham House principle |
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Roles of the GovernmentPrime Minister and Cabinet; Economic Development Board; Ministry of Finance; Ministry of Manpower; Ministry of Trade and Industry; High Court; Determination of Guidelines; Sectoral guidelines; Quantitative guideline; Qualitative guideline; Minimum wage system; Seniority-based system; Flexible wage system; Fringe benefits; Off-setting mechanism; Wage Guideline System; Non-mandatory guideline system; Mandatory CPF changes; Determining Criteria; Inflation rate (CPI); Ability to pay by employers (including the Government); Balance of payments; Income inequality |
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CompetitivenessWage/GDP ratios; Relative unit labour cost; Exchange rate adjustment; Unemployment rate; Productivity growth rate; Nominal and real GDP growth rate; Other Conceptual Cobwebs; Zero sum game; Needs-based versus contributions-based; Sustainability issue; Bankruptcies and creative destructions; Perception gap; Two-tier industrial relations system; Chairman as spokesman; Wages and Labour Supply; Female workers; Retirement age; Foreign workers; Wages and Labour Demand; Investment climate; Competitive wages; Quantity and quality of investment; Works Cited |
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Chapter 2 Industrial Relations, Economic Restructuring and Exportability of the NWC Model Lecture given to Nanyang Technological University (NTU) undergraduates in February 2011Part (1): NWC and Industrial Relations; Mediation and conciliation; Compulsory arbitration; Keys to industrial peace; Critical role; Airline pilots' association Singapore; Part (2): NWC and Economic Restructuring (1979-1981); The need for economic restructuring; High wage policy; Muting the inflationary impact; Objective of restructuring; Use one worker instead of two; Creation of economic restructuring fund |
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Creation of training and retraining programmeTotal factor productivity model; Revised objectives of NWC; Part (3): Exportability of the NWC Model; Fiji; Hong Kong; Malaysia; South Korea; New Zealand; Fundamental principle; Mauritius; Conclusion; Supplementary Readings; Chapter 3 Crises Management and External Assessments Lecture given to Nanyang Technological University (NTU) undergraduates in March 2011; 1973-1974 Crisis; Diagnosis; Solution; 1985 Crisis; 1998 Crisis; 2001-2003 Crisis; 2008-2009 Crisis; Countervailing measures; Commonalities of Crises; 1. Externally-induced |
| Summary |
This text offers readers an insider's view of the genesis and the evolution of the wage determination mechanism and system in Singapore under the aegis of the NWC. It covers the important process and problems of seeking equitable wage increases through tripartite consensus based on a yearly national wage guideline system, as well as the role of the NWC in crisis management in 1974, 1985 and 1998, and in Economic Restructuring, 1979-1981 |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
National Wages Council (Singapore)
|
| SUBJECT |
National Wages Council (Singapore) fast |
| Subject |
Wages -- Government policy -- Singapore
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BUSINESS & ECONOMICS -- Labor.
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POLITICAL SCIENCE -- Labor & Industrial Relations.
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Wages -- Government policy
|
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Singapore
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| Form |
Electronic book
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| ISBN |
9789814525756 |
|
9814525758 |
|
1306395941 |
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9781306395946 |
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