JUNE 7 — It is reported that the government will soon announce a recovery plan to enable the Malaysian economy to regain its strength after weeks of restrictions on work following the introduction of the MCO. Further, the...
JUNE 7 — It is reported that the government will soon announce a recovery plan to enable the Malaysian economy to regain its strength after weeks of restrictions on work following the introduction of the MCO.
Our country will have to increasingly rely more on its own domestic strengths to remain resilient against the adverse external developments. They are mostly the children of the privileged families, the political and corporate elites and the higher middle-class families. In general, wage levels in Malaysia are low relative to its per capita GDP and standard of development. The main reason is the weak labour policies on employment and the lack of controls in importing foreign workers.
Depressed wage levels explain much of the hardships among households living in the major urban centres. In addition, urban households struggle with the higher costs of living in cities compared to the rest of the country.
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