Singapore's National Wages Council
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Om Singapore's National Wages Council
Written by Emeritus Professor LIM Chong-Yah, Founding Chairman of the tripartite National Wages Council (NWC), this unique volume 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. As a tripartite body dealing with wages, wage policies and wage-related matters and promoting Growth with Equity, the NWC played a critical role in transforming industrial relations in Singapore from the then confrontational approach to that of mutual understanding, esprit de corps and social co-partnership. Drawing from his 30-year experience as NWC Chairman (1972–2001), Singapore's eminent Economics Professor shares with readers the important process and problems of seeking equitable wage increases through tripartite consensus based on a yearly national wage guideline system. The book also chronicles the role of the NWC in crisis management in 1974, 1985 and 1998, and in Economic Restructuring, 1979–1981. The structure and operation of this unique Singapore institution and the interesting problems of securing unanimity of support from the three tripartite partners are revealed in the book. Some important NWC personalities and their concerns and unique contributions are interestingly covered, anecdotally.Contents:Lectures and Articles on NWC:Tripartism in Singapore: The Wage Guideline SystemIndustrial Relations, Economic Restructuring and Exportability of the NWC ModelCrises Management and External AssessmentsSingapore and the World Economic CrisisEconomic Restructuring in SingaporeThe NWC as I See ItThe Concerns of the National Wages CouncilNWC: Targets and GoalsNWC: The Politics of ConsensusNWC: Issues and InitiativesA Decent Wage for a Decent JobLetters to the Prime Minister:NWC's Recommendations on Countermeasures to 1974 Inflation Crisis: Letter to the Prime Minister on 8 May 1974NWC's Recommendations on Economic Restructuring: Letters to the Prime Minister on 12 June 1979, 3 June 1980 and 13 May 1981NWC's Recommendations on Countermeasures to 1985–1986 Recession Crisis: Letter to the Prime Minister on 21 April 1986NWC's Recommendations on Countermeasures to 1998 Recession Crisis: Letter to the Prime Minister on 2 November 1998Awards and Commendations:AwardsDr Lee Boon Yang on Prof Lim Chong YahMr Lim Boon Heng on Prof Lim Chong YahMy Personal Reflections as NWC Chairman:Recollection and ReflectionsTwo Special Lectures and a Postscript:Does Singapore Need Economic Restructuring 2 or Another “Wage Revolution”?Shock Therapy 2 Proposal RevisitedPostscript on Income Distribution, Economic Restructuring and Full EmploymentReadership: Undergraduates, postgraduates and general public who have a keen interest in labour economics and industrial relations.