On December 3rd local time, the Ministry of Manpower of Singapore released the estimated data of the Singapore Labor Force Report 2020 that the median labor income in Singapore has declined for the first time since 2004 due to the impact of the COVID-19 epidemic.
The report points out that the median monthly salary of local residents working full-time decreased from NZ$4563 (about $3.39K) in 2019 to NZ$4534 ($3.37K) in 2020, down 0.3 percentage points.
Meanwhile, the real pay of the lowest 20% income workers saw the biggest drop of 4.5%, indicating that low-wage employees have been more affected by the coronavirus epidemic.
However, the Ministry of Manpower of Singapore also stressed that this data does not include direct government assistance to low-income people. If you include the subsidies provided by the Singapore government for low-income people, the income of the lowest 20% of employees has not changed much this year compared with last year.
