Budget 2026 debate: Melvin Yong on local qualifying salary requirement
Lower-income workers experienced stronger gains, according to statistics on real household income growth over the past decade. The findings reflect deliberate policy choices and affirm the impact of the Progressive Wage Model (PWM). MP Melvin Yong said this in parliament on Wednesday (Feb 25). On the local qualifying salary (LQS) requirement, he proposed three actions for the government to consider. He also said that beyond government support measures, the most sustainable answer to cost-of-living pressures remains wage growth, which ties back to the PWM, LQS and tripartite resolve.
Lower-income workers experienced stronger gains, according to statistics on real household income growth over the past decade. The findings reflect deliberate policy choices and affirm the impact of the Progressive Wage Model (PWM). MP Melvin Yong said this in parliament on Wednesday (Feb 25). On the local qualifying salary (LQS) requirement, he proposed three actions for the government to consider. He also said that beyond government support measures, the most sustainable answer to cost-of-living pressures remains wage growth, which ties back to the PWM, LQS and tripartite resolve.
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