SMU Chairman Mr Ho Kwon Ping wrotes about Professor Lim Chong Yah's proposed ?Shock Therapy? to address income inequality. Mr Ho was of the view ?that just raising the lowest wages across the board is an overly blunt and arbitrary instrument?. He added, ?While we do need to address inequality, we should focus not simply on national wage and productivity levels, but on restructuring specific domestic industries?.
Lianhe Zaobao