Rafizi said wages have regressed over the years and any policy on this front should strike a right balance.
He said such a policy is necessary as wages have regressed over the years and any policy on this front should strike a right balance.
“We are aware that micro businesses will have difficulty coping,” he said at a panel session at the National Tax Conference 2023 here yesterday.“The wage correction approach that was taken by Singapore in the late 70s had a mandatory wage increase. It was a tripartite agreement where governments and employers work side-by-side to see how much and who will pay for what.
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