Daily Archives: 2008-07-31

More money is bad

The worse thing that any country does at a time of high inflation would be for the unions and workers to push for wage inflation. Wage inflation is different from wage increment. Wage inflation means you are pushing up wages to fully offset the inflation. Lim Swee Say

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End of the “golden era”?

For the second consecutive quarter, the overall jobless rate climbed from a seasonally adjusted 1.7 per cent in December to 2.0 per cent in March and further to 2.3 per cent in June. Channel NewsAsia

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