SMU Professor of Economics Hoon Hian Teck commented on the guidelines of the National Wages Council (NWC). Despite a falling proportion of employers adopting its proposed wage increments, Prof Hoon pointed out that the other role the NWC plays is providing an information-sharing platform for firms so that they can decide on their increments. “As a mature economy, there is too much heterogeneity across firms and across workers for the NWC to provide quantitative wage guidelines for every type of worker,” added Prof Hoon.