![Heng Chee How: Wage adjustments to be determined by labour market Heng Chee How: Wage adjustments to be determined by labour market](/sites/economics.smu.edu.sg/files/news/soe_news_18.jpg)
SMU Professor of Economics (Practice) Augustine Tan raised the issue of whether there is a need to re-examine the progressive wage model given the current situation of slow productivity growth juxtaposed against rising wages. Prof Tan was speaking at the CPF and Retirement Needs forum organised by the Institute of Policy Studies a few days ago.