TABLE 4b : CHANGES IN REAL EARNINGS, REAL BASIC WAGE INCREASE AND PRODUCTIVITY FOR SINGAPORE

Per Cent Year 1993 1994 1995 1996 1997 Changes in 4.0 5.6 4.5 4.3 3.6 Real Earnings Real Basic 5.5 5.2 5.1 5.3 3.8 Wage Increase Productivity 7.0 5.7 3.5 0.6 1.6 Source: Earnings data are obtained from CPF Board Wage data are obtained from the Survey on Annual Wage Changes Productivity data are obtained from MTI Chart 4: SINGAPORE'S RELATIVE UNIT LABOUR COST In Manufacturing Sector Against other NIEs (in US$ terms)