Unlike other countries in the world in Singapore, there is no fixed minimum wage law to pay minimum wages to the employees working in Singapore. The amount of salary that an employee will get in Singapore will depend on the skills, qualification, experience, and company in which the employee is working. As we know Singapore is one of the costliest countries in the world, so automatically the cost of living will be high in Singapore. But there is no minimum wage in Singapore per hour.
Minimum Wage In Singapore Per Hour
As we discussed earlier there is no minimum wage law in Singapore for both local workers and outsiders(expats). But the average minimum wage in Singapore is 3100 US Dollars. But in order to live a quality life in Singapore employees need to earn at least 6000 to 7000 US Dollars per month.
|Minimum Wages in Singapore||Not applicable|
|Average minimum wage in Singapore per month||3100 USD|
|Required Salary to survive in Singapore||5000 – 6000 USD|
But there is a small exception for minimum wages in Singapore, from January 2014 there is a fixed minimum wage of 729 USD per month for cleaner jobs and from September 2016 there is a fixed minimum wage of 802 USD per month for security guards.
Why There Is No Minimum Wage In Singapore
Since there are no minimum wages in Singapore but still Singapore is one of the richest countries in the world. When there are no minimum wages then it will help startups and other business industries to start more business operations. So it brings more jobs and automatically once they run successfully the employees salary will hike. The wage law of Singapore believes that there is no relation between economy and minimum wage.
Read this article on Singapore economy which will give you a clear idea about the economy of Singapore before opting for a job in Singapore.