The $1,400 local qualifying salary is one highlight from Prime Minister Lee’s National Day Rally 2021 speech that caught public attention. Many netizens jumped on board to laud this change as a new minimum wage for Singapore workers. From a relatively obscure technical term that was used by Ministry of Manpower (MOM) and HR departments, the Local Qualifying Salary is now in mainstream attention after PM Lee’s mention.

We discuss a quasi-minimum wage structure in Singapore based on enhancements to Local Qualifying Salaries (LQS) and Progressive Wages. 

Read more: https://dollarsandsense.sg/local-qualifying-salary-5-things-need-know-lqs/