Little Dicky socialist from you answer shown that you don't understand how economy works. Most of all you don't know any clue or idea about Malaysia economy.
Hahaha.... In order to guide you, please answer my following Question:
1.How does the rising minimum wage to RM2800 will rise up genuine employers? Why do you think that the not genuine employers will just close factory & walk away. What do you means by genuine employers?
2. How will its improving domestic consumption by employing locals as Malaysia don't have the population size to replace the foreign workers?
3. How Malaysia with a more than 100% jump in wages which resulted in increased in cost of products going to compete in international markets?
4. How about inflation?
5. Hahaha rising minimum wages will gets rid of rentseekers ? How ?
》》》》》》》》》》》》》》 Posted by DickyMe > Feb 6, 2022 4:50 PM | Report Abuse
It gets rid of rentseekers and promotes healthy business environment with genuine employers. Improving domestic consumption by employing locals and reducing outflow will boost economy.
The current bunch of employers are leeches and prey on foreign workers. Their constant age old excuse that Malaysians are lazy is exposing their ruse. Besides, Malaysia is regressing in the region. There is no skilled workers because almost all are from foreign countries
I say 2k should be minimum salary! Provided government bring back 6 working days! For goodness sake, do you know how much our poor malaysians able to save through EPF with only 1.5k salary! The thing is MEF forever will say not possible for minimum salary yet all of them enjoy fat profit at expense of their workers!
Story of derail economy recovery after increasing minimum wage to 1.5k basic is absolutely nonsense. Using the nonsense excuses keeps exploiting Malaysia workers. Malaysian workers wage has not been able to catch up with the neighbours in the last 20 years.
The minimum wage: does it hurt workers? | The Economist The Economist 2.26M subscribers Joe Biden has pledged to raise America's national minimum wage to $15 an hour. Economists traditionally believed that minimum wages actually hurt workers, but recent research has led to a rethink.
Malaysians go to Australia to work as 3D workers! And they are handsomely paid! If we set minimum salary to 3D jobs, you think malaysians don't want to do it! But we know employers are giving tons of excuses, would rather hire 10 banglas over one malaysian! This will go on forever! Half of our workers are migrants! The more you hire migrants, the more chances that salary will remain low!
Minimum wage is countered productive for a country when the quantum of wage attained comfortable level. Now, Malaysia has imported millions of workers to compete indirectly with the locals is different scenario.
Take mamak restaurant to KFC! Do you see as many workers! No! Because mamak shops don't do self service! It's all about human resource management! Do you really need to open whole shop to serve your customers! No! Learn from Singapore! Open hawkers centre, all dishes and cleaning doing centrally!
The reason is because, our leaders are imcompetent! Only interested in enriching themselves and cronies! If only Malaysia copy Singapore, i am sure we doing need much foreign workers! And by now minimum salary would be none issue!
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