Productivity and wages go hand in hand:
NTUC secretary-general Lim Swee Say took issue with Professor Lim Chong Yah's suggestion to drive up wages of workers, saying that productivity and wages go hand in hand.
US non-farm productivity, measured as hourly output per worker, rose at a 1.8 percent pace in the preliminary fourth quarter data, news that may help comfort a Federal Reserve that has shifted its focus away from inflation to slash interest rates in recent weeks to curb slowing growth.