Chart of the Day: Manpower-intensive industries stuck with sub-par wage growth

While services sectors are on a roll.

This graph by OCBC shows the average wage growth across industries in Singapore.

The industries with the slowest total and basic wage growth are accommodation and food services and construction.

Other industries with below-average total and basic wage increases are wholesale and retail, transport and storage, information and communications, and professional services.

Interestingly, the graph also shows that while workers in the manufacturing sector enjoyed above-average total wage increase but endured below-average basic wage increase.

The services industry enjoyed the most robust wage growth. The graph shows that industries which enjoyed above average total and basic wage increase are administrative and support services, real estate services, financial and insurance services, and community, social, and personal services

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