Shock Therapy II Revisited

In this presentation, Professor Lim Chong Yah revisits his original proposal for “Shock Therapy II”, paying particular attention to the need to have a pause for three years for the very top income-earners with a view not to slide into “unconscionable salaries”. He also outlines the need to consider the introduction of minimum wage, should NWC’s quantitative guidelines fail to exit workers with income less than $1,000 a month in two years’ time.

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Year of publication:	2012-04
Authors:	Yah, LIM Chong
Institutions:	Division of Economics, Nanyang Technological University
Subject:	Economic restructuring \| income inequality \| labour market

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Extent:	application/pdf
Series:	Economic Growth Centre Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 1204 18 pages
Classification:	O29 - Development Planning and Policy. Other ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; J21 - Labor Force and Employment, Size, and Structure
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010927738