It depends on who is looking at the picture - the employer,
employee or the governised union or tripartised union. This seems
like another NKF syndrome where truths will eventually have to cop
out in open trial.
f workers' wages or CPFs have to be cut first in a recessions and
last restored (if at all) after the world economy recovers after
that of ministers (already over-paid by leaps and bounds) got
restored first, then we do not know whether tripartism has
succeeded. Judge for yourself whether our ranking has gone back to
8th or their HDB prices have climbed back for the workers.