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A brief comparison can be seen in this graph below.Īnnual Minimum Wage for Singapore was about $20,000 USD (Image from Author)

The predicted annual minimum wage was US$20,927.50 for Singapore. However, I will also briefly outline the modelling and prediction process in this article as well. This linear model was coded on Python using sklearn, and more details about the coding can be viewed in our previous article. The scores across the indicators and categories were fed into a linear regression model, which was then used to predict the minimum wage using Singapore’s statistics as independent variables. The quality of life dataset includes scores in a few categories: Stability, Rights, Health, Safety, Climate, Costs, and Popularity. We used data from Wikipedia and World Data to collect data on minimum wage, cost of living, and quality of life. The predicted minimum wage was also contrasted with the wage floors in the Progressive Wage Model (PWM) across certain jobs to spark some discussion about whether the poorest are earning enough. We took a neutral stance acknowledging the validity of both sides of the argument and instead presented a comparison of a prediction of Singapore’s minimum wage using certain metrics across different countries. Regardless of the arguments for or against minimum wages in Singapore, the poor struggle to afford necessities and take care of themselves and their families. The official stance of the Singapore Government is that a competitive pay structure will motivate the labour force to work hard, aligned with the value of Meritocracy embedded in Singapore culture. This is because Singapore uses a progressive wage model and hence does not have a minimum wage. In the previous article, we discussed how the talk about a minimum wage in Singapore has frequently been a hot topic for debates. As such, this follow-up article outlines two main objectives, finding meaning in data, and learning how to do stepwise regression. Since then, we have had comments on our process and suggestions to develop deeper insight into our information. How do you find meaning in data? In our mini project, my friend and I seek to predict Singapore’s minimum wage if we had one, and documented that process in an article over here.