“Nearly 7 out of 10 working Singaporeans aged 65 and above earn less than S$2,500” (CNA, Feb
“A total of 207,300 Singapore residents aged 65 and above were employed in 2022 – an employment rate of 31 per cent, said Dr Tan.
“This is high compared to OECD (Organisation for Economic Cooperation and Development) countries, and is probably the result of the high life expectancy of Singaporeans,” he added.
Of these, 142,400 residents or 68.7 per cent earned a gross monthly income of less than S$2,500 excluding employers’ Central Provident Fund contributions.
Among this group, 81,900 or 57.5 per cent of them were working full-time.
About 27,000 elderly residents earned between S$2,500 and S$3,000 while 37,800 were paid at least S$4,000.
Dr Tan highlighted that a third of employed residents aged 65 and above were working part-time.
“Part-time workers tend to earn less, considering fewer hours worked and the nature of jobs offered,” he said.
The figures were derived from a manpower ministry labour force survey.”
Comment:
What are the implications of the above statistics?
Is it indicative of severe age discrimination in S’pore?
81,900 (57.5%) of the 142,400 (100%) of those earning less than $2,500 (excluding employer CPF), were full-time
Isn’t this arguably, rather low pay, for quite a sizable number of elderly full-time workers?
According to the Labour Force in Singapore 2021 – the MEDIAN GROSS MONTHLY INCOME FROM WORK ( INCLUDING EMPLOYER CPF ) OF FULL-TIME EMPLOYED RESIDENTS AGED 60 & over, was $2,543
It is the lowest income of the age groups from age 20 to 60 & over (excluding age 15 – 19)
https://stats.mom.gov.sg/……/Labour-Force-In……
(Table 24, Pg 128)
If this is not indicative of age discrimination – what is?
