While social support measures play an important role, the most effective way to help lower- and middle-income workers cope with the rising cost of living is to enable them to increase their real wages over time. This is why one of our priorities is to continue growing the economy to create more good jobs and support Singaporeans to take on these jobs through skills upgrading and lifelong learning.
Our efforts have helped our workers increase their real income over time. This is the increase in their income, which is above the rate of inflation. Based on the Ministry of Manpower's Labour Force in Singapore Advance Release 2024, real median income grew at 0.7% per annum from 2019 to 2024. Real income for lower-wage workers grew at a higher rate of 1.2% per annum.
The Government will continue to monitor the situation closely and, where required, we will make further moves to strengthen the support for our workers.
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