Salary growth vital to drive consumer demand, business expansion

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According to Williams, high-income countries typically have a higher share of compensation to employees at around 50 per cent.

Williams: We need to focus on ways to raise incomes which might include the PWM model for the lower income group.

IN the pursuit of economic growth, the dynamic relationship between labour income and gross domestic product comes to prominence, with wage growth becoming a focal point. How incomes are shared between workers and businesses is a crucial factor in ensuring an equitable and prosperous society.Get 30% off and stand a chance to win a luxury stay with our ads free Premium Plan

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